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Author: savemalaysia   |   Latest post: Sun, 19 May 2019, 11:10 AM

 

Malaysia negotiating to buy military equipment through barter system, says minister

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KUALA LUMPUR, April 19 — Defence Minister Mohamad Sabu announced today that his ministry is currently in talks to barter national products, including Malaysia’s palm oil, in exchange for defence assets.

In an interview with several media agencies here, the minister also known as Mat Sabu said this barter trade with Pakistan, Russia, or China could help reduce Putrajaya’s financial burden.

The minister said he will be leaving for Russia tomorrow for a bilateral meeting with the Russian defence minister, and barter trade would be among the issues discussed, adding that if successful, the move could potentially increase the price of palm oil.

“This is being negotiated, including with Pakistan, with Russia, with China and all, and tomorrow I will be going to Moscow to meet the Russian defence minister, and attend programmes there.

“Among the matters, we will raise the issue of this barter trade, because it looks like the nations I mentioned, are ready to discuss about us doing the barter trade with them,” Mohamad added.

 

https://www.malaymail.com/news/malaysia/2019/04/19/malaysia-negotiating-to-buy-military-equipment-through-barter-system-says-m/1744948

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Heavenly PUNTER Research IB wah barter with what ah? MIG35 with oil palm ah? Or we can give prata also HAHAHA
19/04/2019 8:46 PM
VenFx Our PH's ministers really putting effort to restore Malaysia economy.
Series of negotiations with Malaysia trade partner will furthur strengthening our economy class.

Unlike former ruler only want to pick pocket from us.
20/04/2019 11:24 AM
stockmkt101 Durians is a good barter.
20/04/2019 12:28 PM
probability I like such initiatives by the present government. Barter is indeed a very efficient - cautious approach to restore the economy.
20/04/2019 2:57 PM
probability and it makes full sense on Military equipment which i think - has absolutely no use in the future (fit for museum).

weapons of the future is completely different...its either software or chemical-biological warfare in nature..
20/04/2019 3:04 PM


 

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