KUALA LUMPUR: Saudi Aramco's US$7bil interest in the Petronas Pengerang Integrated Complex in Johor, is a noteworthy confirmation that Malaysia is not very nearly insolvency.
PM Datuk Seri Najib Tun Razak said it was incomprehensible for the Saudi Arabia state-claimed oil organization to focus on such an expansive interest in a nation that was going bankrupt.
"I bring up this issue in light of the fact that, as you most likely are aware, there has been a great deal of fake news recently. Lamentably, the legislatures rivals here in Malaysia frequently lean toward not to draw in with us on the realities.
"They make false purposeful publicity like this is a state very nearly insolvency some of which tragically picks up footing universally," he said in his keynote address at the 2017 Global Transformation Forum here today.
He ticked off such activity as nothing not as much as monetary harm for egotistical, individual political additions which would influence all Malaysians.
"The Aramco arrangement was practically destroyed by such fake news. All things considered, many would not anticipate that a previous pioneer will educate lies concerning his own particular nation.
"So when he tells individuals that Malaysia is confronting chapter 11, some trust him. Actually, he knows he is telling falsehoods," said Najib, who is likewise the Finance Minister.
He said the reality of the situation was, be that as it may, the inverse, with a huge number of occupations made, solid and steady development, and in addition, low swelling and unemployment, notwithstanding the diminishment in financial shortfall to 3.1% a year ago from 6.7% in 2009.
Crude Oil
| INDEX | UNITS | PRICE | CHANGE | %CHANGE | CONTRACT | TIME (EDT) | |
|---|---|---|---|---|---|---|---|
| USD/bbl. | 47.82 | -0.42 | |||||
| USD/bbl. | 50.56 | -0.40 | |||||
| JPY/kl | 34,570.00 | -1,120.00 |
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