Read more at https://www.channelnewsasia.com/news/asia/malaysia-mahathir-state-owned-entities-listed-debt-11357972
19 Mar 2019 12:01PM
Ricky Lim
Malaysia has 3 types of reserves :-
(1) Sovereign Fund reserves - operated by Sovereign wealth fund Khazanah Nasional Bhd (RM157.2 billion)
(2) Financial reserves - operated by their Central bank (USD$102 billion)
(3) their natural resources - like palm oil, petrol, vegetables, eggs etc.
(1) & (2) won't last for long - as their current debt is RM$1 trillion (which far exceed their reserves).
Depending on (3) will be depending on how friendly Mahathir is to his main trading partners and to the rest of the World.
Now Mahathir just declare :-
"China, Singapore will always be Malaysia's key trade partners despite differences: Mahathir"
(1) Sovereign Fund reserves - operated by Sovereign wealth fund Khazanah Nasional Bhd (RM157.2 billion)
(2) Financial reserves - operated by their Central bank (USD$102 billion)
(3) their natural resources - like palm oil, petrol, vegetables, eggs etc.
(1) & (2) won't last for long - as their current debt is RM$1 trillion (which far exceed their reserves).
Depending on (3) will be depending on how friendly Mahathir is to his main trading partners and to the rest of the World.
Now Mahathir just declare :-
"China, Singapore will always be Malaysia's key trade partners despite differences: Mahathir"
Like · Reply · 1m · Edited
Ricky Lim
"We may have differences of views - as with Singapore and China - but let me tell you we see them as close partners," Dr Mahathir said in his keynote address at the Invest Malaysia 2019 conference according to the report.
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Singapore trade with Malaysia - US$31.6 billion or RM$127.98 billion in trade.
China trade with Malaysia - US$29.4 billion or RM$119.07 billion in trade.
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Singapore trade with Malaysia - US$31.6 billion or RM$127.98 billion in trade.
China trade with Malaysia - US$29.4 billion or RM$119.07 billion in trade.
Pher Kim Huat
In knowing M'sia's deep-rooted "crooked culture", all these shuffling and reshuffling of state-owned entities may just be benefiting the cronies of those in "political power" beside cutting government debts and liabilities ?
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