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Dr Mahathir to discuss samurai bonds during Kyoto visit

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Publish date: Thu, 05 Sep 2019, 06:20 PM

KYOTO, Sept 5 — Prime Minister Tun Dr Mahathir Mohamad is expected to meet Japan Bank for International Cooperation (JBIC) governor Tadashi Maeda during his visit to Kyoto, Japan to discuss the possible issuance of another samurai bond.

Malaysian Ambassador to Japan Datuk Kennedy Jawan said the courtesy call is expected to take place on Sunday at JBIC’s request.

“The request is made by the Japanese side through their embassy in Kuala Lumpur for the governor of JBIC to provide an opportunity to provide detailed background on the possible issuance of the next samurai bond,” he told Malaysian media in a briefing at the Four Seasons Hotel here today.

Last month, the prime minister said Malaysia is considering another issue of so-called samurai bonds using loans from Japan.

Malaysia had released one round of samurai bonds in March this year worth a total of ¥200 billion (approximately RM7.34 billion) with a maturity tenure of 10 years and guaranteed by the JBIC. 

The prime minister is scheduled to arrive in Osaka tonight from Vladivostok, Russia to begin his three-day working visit to Kyoto, which is also his sixth visit to Japan since taking over the premiership in May last year.

On the first day of his visit, he will be conferred the honorary degree of Doctor of Humane Letters by Doshisha University by its president Takashi Matsuoka in a special conferment ceremony tomorrow at the university.

“This award is an honour and recognition of the leadership of Dr Mahathir by Japan academics. This will also boost the image of Malaysia and further enhance bilateral relations between the two countries,” he said.

The prime minister will be the 68th recipient of the award in the university’s 144-year history.

Other notable recipients include the founder of Matsushita Corporation (now Panasonic) Konosuke Matsushita and American economist Joseph Eugene Stiglitz, who has also received the Nobel Memorial Prize in Economic Sciences and the John Bates Clark Medal.

Dr Mahathir will also be visiting two companies — Towa Corporation and Shimadzu Corporation — on the first day of his visit.

Towa, a semiconductor company, is planning to expand is operations in Malaysia involving an investment worth RM100 million.

On the second day of his visit, the prime minister will visit the Ritsumeikan Elementary School, the only school in Japan that incorporates a traditional approach and modern technology in its teaching.

He is expected to visit a pottery class, an information and communications technology class, classroom lessons on robotics, and a brief tea ceremony with some of the school’s pupils.

Later that night, Dr Mahathir will be attending a dinner with some 200 members of the Malaysian diaspora comprising students and expatriates.

He is scheduled to end his visit on the third day after meeting with the JBIC governor and a press conference with the Malaysian media. — Bernama

https://www.malaymail.com/news/malaysia/2019/09/05/dr-mahathir-to-discuss-samurai-bonds-during-kyoto-visit/1787609

Discussions
1 person likes this. Showing 6 of 6 comments

king36

Malaysia should learn from the current trade war between USA&China.
She needs to build a strong middle income population to be able to fend herself off any world turmoil in economy.
At the present time, this doesn't seem to be so.

2019-09-05 19:32

EngineeringProfit

Need lots of massive borrowings....

......for hobby grade flying car project......

nationwide and overseas intensive training program for khat and jawi

lots more similar impactful initiatives in the pipeline?

2019-09-05 20:44

EngineeringProfit

Old habit die hard....

.....WHAT WEAKENS RINGGIT TO SINGAPORE DOLLARS FROM 1.00: 1.10 becomes 3.10 to 1.00......

will not strengthen ringgit: Great Britain Sterling Pound 1.00: 1.00


i.e. What got us here

......will never get us then

RM:SGD 6:1 soon?

2019-09-05 20:48

speakup

FARK! malaysia debt increasing under PH
najib push it to RM1 trillion
tun M push it to RM1.3 trillion? 1.5 trillion?

2019-09-05 22:00

EngineeringProfit

Same money rules apply.....

.....entrust public fund to wolves in sheep skin

hahaha

Same as personal finance mangement.....always settle debt first

2019-09-05 22:05

speakup

japan should teach malaysian politicians the concept of Hara-kiri
if u do wrong, HARA-KIRI!

2019-09-06 09:14

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