Tuesday, 25 October 2016

Former Finance Minister II Datuk Seri Husni Hanadzlah today questioned the state of the country’s economy

BN may win GE14, but what happens if economy worsens? Ex-minister asks

Datuk Seri Ahmad Husni Hanadzlah today questioned the state of Malaysia’s economy if current stagnation persists even after a BN win in the next elections. — Picture by Saw Siow FengMore

KUALA LUMPUR, Oct 24 — Former Finance Minister II Datuk Seri Husni Hanadzlah today questioned the state of the country’s economy if current stagnation persists even after a Barisan Nasional win in the next elections.

The Tambun MP, who resigned from the Cabinet in June, today raised several questions directed at the government regarding the management of the economy and also 1Malaysia Development Berhad (1MDB) while debating the 2017 budget in Dewan Rakyat.

“We may win the next elections, but what happens next? What if our ratings continue to drop? What if our foreign investment continues to drop?” he asked.

“Our economy has stagnated. How many workers have lost their jobs? How many people have settled for lower salaries?” he said.

He also pointed that Malaysia has dropped from placing No 36 in the corruption perception index in 2000 to No 54 last year, using the Sabah Water Department graft scandal as an example.

“Say if we lead with dignity, integrity and good governance, every money we earn will be returned to the people,” he said.

The Malaysian Anti-Corruption Commission (MACC) recently seized RM7.2 million of cash in its probe on the alleged corruption in infrastructure projects worth RM3.3 billion.

Husni questioned the consequences of 1MDB losing an arbitration dispute with Abu Dhabi’s International Petroleum Investment Company (IPIC).

“IPIC has taken up an arbitration dispute for US$6.5 billion (RM26 billion). Imagine what would happen if we lose. Even if we lose US$1 billion of the disputed amount, that will be RM4 billion. Who will pay?” he asked.

IPIC filed a claim at the court of arbitration in June against 1MDB after the latter allegedly defaulted on its debt commitments to IPIC.

“I want to raise these issues so that we get answers,” he added.

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