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Daim: We're not going to increase debt, we're not stupid

  • May 13, 2018
Former finance minister Daim Zainuddin, who is now part of the five-member council of eminent persons under the new Pakatan Harapan government, has assured investors and fund managers alike that they are going to address all the problems affecting the economy and not going to increase debts. “There is no reason to put the economy into a state that is much worse (than before),” he told Bernama after chairing a meeting late last night with other members of the team. He was responding a q
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Debt Ridden; Are We Going To Survive.

  • Apr 2, 2018
Many Malaysians are still struggling to earn a living.It’s election season in Malaysia and it looks like this year’s political hot potato will be the national debt. National debt stands at 684 billion ringgit (US$174.31 billion), putting the country’s debt-to-gross domestic product ratio at 51 per cent. Most countries in the region have a ratio of around 41 per cent.“Some have estimated, that due to the lack of transparency, the estimated government debt could already be as high as 1.26
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