Posts

Rafidah suggests formation of recovery council to address economic issues

Image
Former minister Tan Sri Rafidah Aziz has urged the prime minister to set up an ad hoc national recovery council to address the economic issues that are adversely affecting the people on a daily basis, news portal from the mainstream media FMT reported. Rafidah described the erosion of the ringgit’s value, increasing cost of living, and the ballooning public debt as untenable Rafidah, who was the international trade and industry minister from 1987 to 1990 during Tun Dr Mahathir Mohamad’s first watch, described the erosion of the ringgit’s value, increasing cost of living, and the ballooning public debt as untenable. To show seriousness in tackling these issues, she said, Prime Minister Datuk Seri Anwar Ibrahim needs to chair the council and hold daily discussions to ensure all bases are covered and come up with immediate measures to deal with the issues. Government appears to be unable to handle the economic challenges on its own Rafidah suggested that economic experts and representati

Not Constructive At All – Blaming Each Other Amid Ringgit Serious Depreciation

Image
News portal from the mainstream media FMT quoted Bersatu deputy president Datuk Seri Ahmad Faizal Azumu as saying Prime Minister Datuk Seri Anwar Ibrahim is to blame for the ringgit’s record decline, not the opposition. He was responding to a Facebook post by former Sabah chief minister Datuk Seri Panglima Dr Salleh Said Keruak, who said the opposition’s constant claims about trying to topple the government meant they should shoulder some of the blame for the weak ringgit. Faizal said Anwar had also claimed that he had a formidable and convincing majority to take over the government when he was the opposition leader. He took aim at Anwar’s previous stint as finance minister, noting that the last record drop in the currency occurred during that period. “Once upon a time, an ambitious finance minister spoke about an ‘Asian renaissance’. At the end of his tenure as finance minister, the ringgit fell to the lowest ever recorded. The name of that finance minister was Anwar,” he told the ne