Declining economy, Anwar says no to finance post

Diyana Ibrahim Diyana Ibrahim Updated 7 years ago · Published on 24 Apr 2019 2:10PM · 4 Comments

Port Dickson MP Anwar Ibrahim will decline the finance portfolio if offered to him for now. – The Malaysian Insight pic by Afif Abd Halim, April 24, 2019

ANWAR Ibrahim today said he will not accept the post of finance minister if offered as the economy is in decline.

The Port Dickson member of parliament said the country’s current situation is not like in the 1990s when he last held the position.

“The gross domestic product last time when I was in office was 10% and it is now down to 4.5%,” he said at the launch of a student’s fund at the Universiti Islam Antarabangsa Malaysia in Gombak today. 

Anwar held the finance portfolio from 1991 to 1998 until he was sacked by then Prime Minister Dr Mahathir Mohamad during the Asian financial crisis.

Anwar said the tight financial situation had left Finance Minister Lim Guan Eng giving standard answers to those seeking allocation from the ministry.

“Guan Eng’s answer would be ‘let us see first or consider it. We cannot approve this now’.

“This is his standard answer as we are now facing financial problems.”

Today, Anwar launched the fund that started with a donation from Prof Emeritus Dr Abdul Hamid A. Abu Sulayman who was UIAM‘s second rector.

It will be used to give assistance of between RM500 and RM1,000 a month to international students. – April 24, 2019

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Comments

  • LGE should be appreciative of DSAI and for that matter anyone who understands very well the predicament our economy is facing today.

    Posted 7 years ago by Tanahair Ku · Reply

  • Does it mean when someones who does not accept the job because it is tough, caring for the suffering Rakyat?

    Posted 7 years ago by Concerned Citizen · Reply

  • There is no magic formula for getting out of the rotten economic inflicted by the former kleptomaniac and corrupted government..only perseverance , hardwork, honesty and a positive endurance attitude to professionalism will enable Malaysia to stand up again .

    Posted 7 years ago by Z Y Ngeow · Reply