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The Prime Minister, welcoming the massive resignations of Khazanah's directors, responds to the criticism of his economic policy
KUALA LUMPUR: Dr. Mahathir Mohamad today responded to criticism of his predecessor that the Government was bringing Malaysia back to the past, saying it was best to return to "the bygone era" when the country was known as an economic powerhouse.
"The past era is the time when Malaysia was known as an Asian tiger. Is he saying that the people should be brought back to the time when the nation was known as a kleptocracy led by a kleptocrat? "Said the prime minister in a statement.
Yesterday, Najib in his first speech The Pakatan Harapan government implemented "regressive" economic policies.
Mahathir also downplayed rumors that some RM 2 billion had been stricken from Bursa Malaysia, saying that it was a paper loss compared to the actual national debt of RM 1 trillion. previous government.
"The amount of the debt is real, the amount needed to service the debt is real, and most of the money" invested "by the previous administration has not yet been recovered, because we do not do not know where they were invested, "he said.
Khazanah's directors" cleared the bridge " [19659003] Meanwhile, Mahathir welcomed the mass resignations of Khazanah Nasional's directors
It was reported that the nine directors of the state investment branch had resigned following Mahathir's criticism that Khazanah had deviated from his original purpose.
They said that the move was to allow the current government to appoint new members of the Khazanah governing council.
Mahathir hailed the decision, describing it as "clearing the bridge"
"This action because our policies are now different. Although we believe we have to pay good wages, we can not always rely on commercial rates. "
" We would prefer to reward with good performance bonuses as some companies may not perform as well as they should. ]
Khairy fears the return of the "old school" & # 39; Khazanah
Khazanah's directors resign en masse, says report
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