PM Najib promises Malaysians “bright year ahead”

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najib-razak-smilingMalaysians can look forward to a brighter year as the country witnessed impressive growth that Europe and North America “could only dream of,” Malaysian Prime Minister Najib Razak said in his New Year message.

Malaysia’s estimated growth rate for the year was between 4.3 per cent and 4.5 per cent, he said, notwithstanding global turbulence and the strengthening of the US dollar. Citing an International Monetary Fund report which concluded that “despite headwinds, the Malaysian economy continues to perform well”, Najib said that such assessments “reflect the true picture of Malaysia contrary to the smear campaigns of those who have been trying to commit economic sabotage against their own country just for their own selfish political objectives.”

“Our economic plan is working. We have kept the budget deficit, inflation and unemployment low, and the resilience we have been building in our economy has seen us through times of global turbulence,” he said.

“That is the reality, and I urge all Malaysians not to fall for lies that are spread. Fake news and the proliferation of false stories have become a worldwide phenomenon,” he added.

He also said that large-scale infrastructure projects, namely the Bandar Malaysia, Tun Razak Exchange, the East Coast Rail Link, the High Speed Rail to SIngapore and the Pan Borneo Highway, would promote sustainable growth.

And we want it to be shared equitably,” Najib said.

However, Najib’s assessment came at the close of a year which saw the ringgit fall to 4.4805 against the US dollar. This was its weakest level since the Asian financial crisis in 1998, according to Bloomberg.

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Reading Time: 1 minute

Malaysians can look forward to a brighter year as the country witnessed impressive growth that Europe and North America “could only dream of,” Malaysian Prime Minister Najib Razak said in his New Year message.

Reading Time: 1 minute

najib-razak-smilingMalaysians can look forward to a brighter year as the country witnessed impressive growth that Europe and North America “could only dream of,” Malaysian Prime Minister Najib Razak said in his New Year message.

Malaysia’s estimated growth rate for the year was between 4.3 per cent and 4.5 per cent, he said, notwithstanding global turbulence and the strengthening of the US dollar. Citing an International Monetary Fund report which concluded that “despite headwinds, the Malaysian economy continues to perform well”, Najib said that such assessments “reflect the true picture of Malaysia contrary to the smear campaigns of those who have been trying to commit economic sabotage against their own country just for their own selfish political objectives.”

“Our economic plan is working. We have kept the budget deficit, inflation and unemployment low, and the resilience we have been building in our economy has seen us through times of global turbulence,” he said.

“That is the reality, and I urge all Malaysians not to fall for lies that are spread. Fake news and the proliferation of false stories have become a worldwide phenomenon,” he added.

He also said that large-scale infrastructure projects, namely the Bandar Malaysia, Tun Razak Exchange, the East Coast Rail Link, the High Speed Rail to SIngapore and the Pan Borneo Highway, would promote sustainable growth.

And we want it to be shared equitably,” Najib said.

However, Najib’s assessment came at the close of a year which saw the ringgit fall to 4.4805 against the US dollar. This was its weakest level since the Asian financial crisis in 1998, according to Bloomberg.

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