Highlights

save malaysia!!!

Author: savemalaysia   |   Latest post: Fri, 18 Jan 2019, 07:06 PM

 

Pakatan policies will reignite investor confidence despite gloomy ratings, says Azmin

Author:   |    Publish date:


KUALA LUMPUR, Jan 10 — Datuk Seri Azmin Ali is confident policies implemented by the Pakatan Harapan (PH) government will eventually result in a stronger economy, despite international ratings firms projecting fiscal challenges following the reintroduction of the Sales and Services tax (SST).

The Minister of Economic Affairs said today that despite the country already facing fiscal challenges from the large national debt inherited from the previous administration, he is confident steps taken will see the economy bounce back.  

"We have to be more prudent with expenditure, ensure transparency and integrity, use the principle of value for money, and practice open tenders.

“If we do all of these, I am confident international ratings agencies will take note of the efforts being done by the government and will score us better in their ratings,” he told reporters at SK Taman Melawati primary school this evening after handing over contributions to several schools to be used for structural upgrades. 

His comments were in response to Moody’s Investor Service’s “Sovereigns Asia Pacific 2019 Outlook” report, which projected challenges for Malaysian government from the narrower tax base obtainable from the SST.

The report detailed that the government's focus on supporting growth and incomes of poorer households was a factor behind a slower fiscal consolidation path than what was previously projected. 

Azmin added that he is confident PH’s policies and transparent administration would reignite interest from investors.

“If the administration itself is embattled with corruption and abuse of power, this will hamper the efforts in attracting investors, they (investors) surely will look at an administration that is good.

“That is why the Prime Minister himself is at the forefront of efforts in combating corruption on a large scale, introducing several initiatives to show the PH government is one that is transparent, and opposes corruption,” he said.

Azmin said such practices would most surely return the faith in investors to keep Malaysia as an investment hub.

https://www.malaymail.com/s/1711214/pakatan-policies-will-reignite-investor-confidence-despite-gloomy-ratings-s

Share this

  Be the first to like this.
 


 

402  326  492  672 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 ARMADA 0.22+0.06 
 SAPNRG 0.285-0.005 
 SUMATEC 0.005-0.01 
 MYEG 1.01-0.06 
 BARAKAH 0.08+0.02 
 NEXGRAM 0.020.00 
 IRIS 0.15+0.005 
 XINGHE 0.045+0.005 
 KNM 0.09+0.01 
 ECONBHD 0.515+0.045 

TOP ARTICLES

1. 火中取栗拼油气(下) 菜鸟必学7招/冷眼 【冷眼专栏】漫漫投资路
2. 当遇上基本面投资法(上) “反向”战略非唱反调/冷眼 【冷眼专栏】漫漫投资路
3. Stocks on Radar - AirAsia Group (5099) AmInvest Research Reports
4. THE PERCEPTION OF P/E or: How I learned to fear my Wife the bursa journey that worked for me. 2000-2019
5. FPI FY19 revenue growth expected to hit 15% FPI 2大因素前景看好台灣聯友今年再 尋突破
6. [转贴] 真实还原97亚洲金融风暴,韩国从暴富到破产仅用时7天! Good Articles to Share
7. Stocks on Radar - Elsoft Research (0090) AmInvest Research Reports
8. JAKS Resources Berhad - RM25.5m P&L Hit PublicInvest Research
Partners & Brokers