TO sum it up, the gin bang gang includes media barons, very prominent bloggers, half baked Australians such as Murray Hunter, and dissatisfied elements of the political elite.
TAKE for instance, the article out in Free Malaysia Today. READ :Malaysia is drowning in debt.
YES, we have debt, but are we really drowning in debt, when one considers more than READ : 97.5% of Malaysia’s debt is denominated in ringgit.
WHY has Free Malaysia Today suddenly changed its tune in a matter of just one year, that our debts are mostly held domestically and not alarming to one that places us in a state of shock?
IS it because a year ago, Anwar Ibrahim was not the Prime Minister?
OR how about the scare tactics being fed to us, to label Bank Negara's recent hike interest rate hike as an act of doom, rather than a signal that the economy is finally back to pre pandemic times
WHAT the journeyman soldier of fortune critics such as Murray Hunter, won't tell you forceably is that READ : Malaysia economy grew faster than World Bank Projection in the first quarter of 2023 driven by household spending.
BANK Negara was right to increase interest rates to cool down spending, to stump worsening household debts , and to keep the Ringgit competitive , as others had raised interest rates months in advance of our central bank. READ : Singapore Raises Interest Rates
