Fix the economy - Horses’ Mouths – 26 August 2015

Harakahdaily - TS | .

Fix the damn economy

Dead or wounded? China will determine, but a new normal (of relative values) will prevail for most emerging markets. Accept and adjust quickly. Meanwhile, capital is super sensitive; bad news and bad signs amplified, so 'power' people must avoid saying stupid things.

Nazir Razak, CIMB group chairman, urging government leaders to stop stupid things to stop making matters worse for the country


Though as a sovereign ruler, I cannot interfere in political matters, but as a ruler I am responsible for the well-being and prosperity of my state and subjects. Therefore, I urge the ruling government to deal with the problems we are facing now, among which is the deteriorating value of the ringgit.

Ibrahim Ismail Iskandar, Sultan of Johor, calling the federal government to resolve the instability facing the country as well as the falling ringgit



New task force

The aims of NRRET remain the same. NRRET is not in any way involved with any investigations involving 1MDB and its related companies.

Attorney General’s Chambers, insisting that the newly formed National Revenue Recovery Enforcement Team (NRRET) is not involved in investigations on 1MDB and its related companies, said the attorney-general's chambers


Cover up?

The facts are the facts. There is no way of manipulating the figures.

Abdul Wahid Omar, Minister in the Prime Minister's Department, rubbishing allegations that the declaration of healthy international reserves was misleading and a cover-up of the country's true economic situation


The country is in a more solid state compared during the time of the Asian financial crisis in 1997. We have learnt from that episode. When the ETP was implemented, the fiscal deficit was 6.7% then, but it has been consistently reduced every year. This year, the deficit might be at 3.2%. Even if it is unpopular and painful, sooner or later, the people will realise that it is the reforms we introduced back then that give us the latitude to face uncertainties.

Najib Razak, insisting that the implementation of economic reforms in the country has allowed Malaysia to cope with the current global economic crisis better



Assets declaration

We will declare our assets from time to time, if possible, and report the disposal of any assets to the MACC (Malaysian Anti-Corruption Commission). I will submit my financial statements to the MACC and it may take about two to three weeks. Therefore, I hope the MACC can give time to the state government to declare the assets as a commitment to address corruption.

Adnan Yaakob, Pahang Menteri Besar, announcing that he would his assets along with 12 state executive council (exco) members



No-confidence vote

He (Mahathir) has a right to give his formula.

Salleh Keruak, Minister for Communications and Multimedia, clearning Dr Mahathir Mohamad of any wrongdoing for coming out with a formula to cast a vote of no confidence aganist the Prime Minister Najib Razak

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