I don’t know, I’m not a stock broker – Guan Eng

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Lim Guan Eng 1MDB stock broker
Finance Minister Lim Guan Eng said, the main focus of the government is to strengthen the fiscal position of the country as Malaysia already has good fundamentals in economic, supported by a strong finance and banking sectors as well as high market liquidity.PIX: NOOR ASREKUZAIREY SALIM / MalaysiaGazette / 24 May 2018

By Norlaile Abd Rahman

PUTRAJAYA – The government will not hide any expenditure in ensuring a clean, responsible and transparent administration although it may affect investors’ confidence towards Malaysia.

Finance Minister Lim Guan Eng said, the main focus of the government is to strengthen the fiscal position of the country as Malaysia already has good fundamentals in economic, supported by a strong finance and banking sectors as well as high market liquidity.

These can only be done through the CAT (Clean, Accountable and Transparent) movement.

“How can you say that transparency has caused the market to crash? It could be a factor (of the share market dip after the Pakatan Harapan took over the government, or perhaps not).

“I don’t know as I’m not a stock broker. What I’m certain is that the stock market drops not only in Malaysia but in Thailand and America too. Let the stock brokers and analysts do the analysis.

“We will always be open minded and accept criticisms but if we’re being punished by being transparent, what else can we do?” he told the journalists after presenting his message during the Finance Ministry monthly assembly.

Guan Eng added that the Pakatan Harapan government do not want to repeat the system and administration of the previous government.

On his first message to the employees of the Finance Ministry, Guan Eng said that he had focussed on five main points namely, the promise made by the government to the people; fiscal position, welfare of the people, to clean Malaysia from any scandals and to save the country.

“We must work as a team and our main focus is to ensure that the welfare of the people taken care of and they will be more prosperous.

“We hope that the situation of the people for the next five years would be better than the previous five years. That’s our goal,” he added.

On the 1Malaysia Development Bhd. (1MDB) interest repayment, Guan Eng said that the federal government had to bear the responsibility although they are not happy doing it.

The government had to abide by the international rule by showing that Malaysia will obey the international law despite the administration has changed. -MalaysiaGazette

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