fbpx
Connect with us

Social Stories

Najib Claims PN Govt Borrowed RM11.5 Billion From Bank Negara Within 10 Working Days

Published

My Post 2021 08 10T174951.128
Source: The Edge Markets & eNanYang

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

It’s no secret that money (unfortunately) makes the world go round.

And in Malaysia, this sentiment seems to be emphasised as some Democratic Action Party (DAP) Parliament Members have stepped forward to claim that the Perikatan Nasional (PN) government offered them bribes in exchange for their support.

Now, former Malaysian prime minister, Najib Razak, is taking to his Facebook page to insinuate the PN government of foul play, after they allegedly borrowed about RM11.5 billion from Bank Negara in the span of 10 working days.

Pn Borrow Money 1

He wrote, “They are borrowing money as fast as they can like it’s the end of the world.”

Najib showcased documents from 27 July, 3 August and 9 August 2021, which alleges that the PN government had borrowed RM5.5 billion, RM4 billion and RM2 billion respectively.

“Why are they in such a hurry to borrow? What’s the rush?” he asked.

If this were to be true, then it wouldn’t be the first time this year that the PN government is borrowing large sums of money.

Pn Borrow Money 4

According to a report back in June by Sinar Harian, Finance Minister, Tengku Datuk Seri Zafrul Abdul Aziz, shared that the government was going to borrow up to RM35 billion from within the country to fund economic stimulus initiatives through the Prihatin Rakyat Economic Stimulus Package (Prihatin) and the National Economic Regeneration Plan (Penjana).

And if Najib’s accusations are true, we wonder what the money is going to be used for.

Stay tuned for more updates. 

 

Also read: Study: 75% Of Malaysians Believe The Country’s Economy Is Rigged To Benefit The Rich

My Post 2021 08 10T161348.581

Source: Najib Razak
Source: Sinar Harian

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



Just In

Collage 5 5 Collage 5 5
News7 hours ago

Study: Malaysia is the 19th Most Peaceful Country in the World, Out of 163 Countries

Malaysia is known for its warm and welcoming people who value harmony and mutual respect. Despite its rough edges, the...

Feat Image Kl Remote Work Feat Image Kl Remote Work
News9 hours ago

Study: Kuala Lumpur is 4th Best Destination in Asia for Remote Work, 22nd in the World

Kuala Lumpur has just been named the 4th best destination in Asia for remote work by the latest iteration of...

Collage 17 2 Collage 17 2
News10 hours ago

“It only shows how obsessed & envious you are” – Mufti Comments on Excessive Boycott Movements

Have some of us gone too far with boycotts, regardless of the brandings? While boycotters have their reasons to do...

Feat Image Bangkok 20 Baht Feat Image Bangkok 20 Baht
News11 hours ago

All Rail Lines in Bangkok Will Have a Fare Cap of RM2.60, One Ticket Can be Used Across All Routes

The Transport Ministry of Thailand has reiterated that it will continue with its plans of a THB20 or RM2.60 fare...

My Post 1 2024 04 19T115737.183 My Post 1 2024 04 19T115737.183
News13 hours ago

M’sian Political Party Invites Workers to March on Labour Day to Urge Govt to Raise Minimum Wage to RM2K

With Labour Day (which is meant to honour and celebrate workers and the importance of their contributions to their country...

Collage 21 Collage 21
News1 day ago

“Change work hours or location” – Steven Sim Reminds M’sians About Availability of Flexible Working Hours

Flexible working arrangements help balance work and personal life. Since the start of the Covid-19 pandemic, Malaysia has taken steps...

Collage 14 3 Collage 14 3
News1 day ago

“Better work-life harmony” – Employees in SG Can Now Apply to WFH & Have a 4-Day Work Week

Work from home. Those who have the flexibility to work at the desk from the comfort of their own homes...

Feat Image Mistress Feat Image Mistress
News1 day ago

“Unique needs, desires” – High Court Says Agreements for M’sian Husbands to Have Mistress are Legal

The Kuala Lumpur High Court has ruled that as long as there is “no violation of any law”, non-Muslim married...

Announcement

Latest Videos



TRENDING TODAY