fbpx
Connect with us

News

Malaysia’s Stock Market & Currency Will Crash if Pakatan Wins GE14, Says Najib

Published

- World Of Buzz
Source: NST

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Barisan Nasional (BN) had governed Malaysia after winning the first election held in 1955 and they have been winning every election ever since. However, have you ever thought what would happen if Pakatan Harapan (PH) wins an election, particularly this GE14?

Well, to help us envision a future with PH as the government, our beloved prime minister, Datuk Seri Najib Tun Razak recently predicted various possible situations if PH were to win this year’s election.

Najib2302

Source: the star

According to him, if PH wins this GE14, the country’s stock market and currency will drop drastically, as reported by The Star. Oh dear!

“If they abolish tolls, GST and PTPTN student loans as stated in their election manifesto, the national debt will increase by RM430 billion, with the total rising to more than RM1 trillion based on a study done by the Finance Ministry.”

“It is the people who will ultimately suffer,” he said during the launch of the Permodalan Nasional Bhd’s Minggu Saham Amanah Malaysia 2018 event at Stadium Batu Pahat yesterday (20 April 2018).

He then explained that PH’s intention to abolish the Government Service Tax (GST) may not reduce the prices of goods and services after all. Instead, it could cause a “double jeopardy” as prices will skyrocket with the reintroduction of the Sales and Services Tax (SST).

Najib also added that PH’s ‘Pak Pandir’ (village idiot) policies could cause the government debt-to-GDP ratio to increase from 50.8 per cent to over 80 per cent. Wow, that’s a big difference!

“We cannot be populist in nature but if you want to gain the support of the rakyat, it must be done responsibly and with principles,” he said whilst condemning PH’s irresponsible pledges just to fish for votes.

On the other hand, Najib shared that Barisan Nasional’s (BN) manifesto had received positive reviews from local and international organisations like the World Bank, JP Morgan and Malaysian Institute of Economic Research (MIER). Those are some big names!

“The World Bank revised our growth this year from 5.4 per cent to 5.6 per cent while JP Morgan and MIER are also optimistic about the country’s growth. They made no mention of the Opposition manifesto. Why? Because there is no value in their manifesto!” he explained.

World Bank Hqts

For illustration purposes | source: the news

Later that day, at Tanjung Piai, Najib encouraged Johoreans that attended the meet-the-people session at Dataran Kukup to continue supporting BN. This is to ensure that Johor continues to experience a steady growth and to avoid problems faced by other states like Selangor and Penang.

He also attributed Johor’s rapid growth into becoming a southern economic powerhouse because of the teamwork between the state and Federal government.

1 12

Source: nst

“Look at Selangor, the water issue could not be resolved and they have the highest dengue cases in the country.”

“Penang, on the other hand, has the highest number of hillslope development over the last 10 years,” he said.

You can’t argue with facts, I guess! 

Needless to say, those are indeed some concerning predictions. However, the possibilities of what may happen if PH wins are endless, as it could either improve or worsen our country’s state. So, as voters, we should definitely consider all odds before deciding which candidate we want to represent us in the parliament.

 

Also read: Najib Urges All MARA Students to Support Umno and Avoid Malay Tsunami This GE14

- World Of Buzz

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Collage 13 Collage 13
News24 mins ago

“They’ve been here over 3 months” – Foreign Beggars at Johor Pasar Malam Make up to RM12,000 a Month

Foreign beggars are making up to RM12,000 a month at a night market in Johor. In an official statement by...

Feat Image Parking Fine Feat Image Parking Fine
News2 hours ago

M’sian Vehicle Owners with Unpaid Parking Fines Face CTOS Blacklist as They’re Now Added to The System

The Miri City Council (MCC) has introduced a new measure to ensure that vehicle owners in Sarawak’s second-largest city adhere...

Feat Image Arrest Feat Image Arrest
News2 hours ago

Thai Police Arrests Famous Kelantanese Female Celebrity at Golok Hotel for Possession of 6,000 Meth Pills

A popular Kelantanese female singer was arrested by the Thai Police at a hotel in Golok, Narathiwat, north of the...

Collage 12 Collage 12
News5 hours ago

Kelantan Govt Says Cinemas in the State Must Play Movies With Lights On to Prevent ‘Unhealthy’ Activities

After a few decades, Kelantan remains one of the states in Malaysia that don’t have cinemas. The state government, however,...

Feat Image Indo Ban Pixel Feat Image Indo Ban Pixel
News1 day ago

“Who’s next?” – After Apple iPhone 16 Series, Indonesia is Now Banning Google Pixel Smartphones in The Country

Previously, we shared how Apple’s latest flagship smartphone series, the iPhone 16 Series, is currently banned from being sold in...

Feat Image Bnm New Rule Feat Image Bnm New Rule
News1 day ago

Bank Negara Now Requires All Money Changers in Malaysia to Record Full Name & IC Number of Customers

If you’re planning on visiting your local authorised money changer before that overseas trip to change Malaysian Ringgit banknotes to...

Collage 11 Collage 11
News1 day ago

“I thought my late son would be the last” – Zulfarhan’s Father Shocked That Bullying is Still Prevalent in UPNM

Recently, the Malaysian Armed Forces (ATM) confirmed that a second-year cadet officer at the Military Training Academy (ALK), National Defense...

Collage 3 Collage 3
News1 day ago

Sri Lankan Man Falls to His Death in Johor Bahru After Trying to Evade Inspection from M’sian Immigration

A foreign man’s attempt to evade an inspection by the Malaysian Immigration Department ended tragically when he fell to his...

Announcement

Latest Videos



TRENDING TODAY