Here’s What Najib Has to Say About the New Govt in His Latest FB Post

WORLD OF BUZZ MALAYSIA

Here’s What Najib Has to Say About the New Govt in His Latest FB Post

Published 3 months ago on May 24, 2018

By Sheralyn Tan

So many things are happening in our country where most of them revolve around Najib who is being questioned on matters regarding the 1MDB case. With all of this going on, he has resorted to using Facebook to get his comment in on the decisions made for the country.

Yesterday night (May 23), at 11.45pm, former prime minister Najib Razak took to Facebook to express his disagreement with how the new government is being run by the ruling party, Pakatan Harapan. He reminded PH to distinguish between political narrative and fact after they had claimed that the country’s debt is currently above RM1 trillion, reported The Star.

“Mixing them will create doubts on the credibility of our numbers and the professionalism of the institutions that were involved in preparing them, governed by Malaysian laws and international standards,” he said.

On Wednesday (May 23), Prime Minister Tun Dr Mahathir Mohamad mentioned that Malaysia’s debt has now amounted to RM1 trillion, or is 65 per cent of the Gross Domestic Product (GDP).

Responding to this statement, Najib said that it would only unsettle the financial markets, alarm credit rating agencies and investors’ confidence in Bank Negara Malaysia. In his Facebook post, Najib also pointed out that the Bursa Malaysia index fell 40.78 points or 2.21 per cent on Wednesday (May 23), while the Indonesian stock index saw an increase of 0.71 per cent. “Surely this fall would affect our funds such as EPF and PNB and could lower the dividend rates for its members for the year,” he said.

“Similarly, issuing statements that we should not worry about our country’s sovereign credit ratings being downgraded will result in further rocking the confidence in our institutions.”

He then went on to add that a downgrade in the nation’s sovereign ratings would also result in higher debt financing costs of RM10 billion per year, and that that it could cause banks which borrowed from international markets to encounter further losses. He said that making such remarks could lead to large capital outflows from foreign investors and cause our Ringgit to weaken.

“While you may want to slander and put all the blame on me to give a perception of a dire financial position to justify why you cannot deliver on your manifesto promises and to massively cut the civil service, you must remember that the country and our people comes first.”

“You can also issue misleading statements on 1MDB or tell half the story about it to blame me but the time to play politics is over,” he said.

“Words spoken while in such positions of power result in actual losses to the country and the people, as was proven today in the stock market. It is no longer just about votes anymore,” he added.

Najib’s Facebook post immediately garnered a multitude of reactions from Malaysian netizens within minutes, and they were not very happy with what he said.