KUALA LUMPUR — May 10, 2019: Former prime minister Datuk Seri Najib Razak has doled out a list of what he categorised as examples of Pakatan Harapan’s (PH) poor governance of the country since it came to power a year ago.
It includes PH’s inability to stop the country’s stock market -which recorded the world’s longest bull run prior to last year’s general election (GE14)- from sliding badly to the point of being called the “sole loser” in the global stock market.
“Billions of foreign investment fled our country. Our bursa index that stood at 1,896 points a month before GE14, which was the highest in history, has dropped to 1,620 points. Our stock market has shrinked by RM300 billion since GE14.
“Our national debt has soared rapidly, from RM686 billion at the end 2017 to RM800 billion now. Soon, PH will achieve its dream of having an RM1 trillion national debt,” said Najib in a video on his Facebook page that was recorded in conjunction with PH’s one-year anniversary in Putrajaya.
Najib also needled PH by mentioning Moody’s Investors Services’ latest projection of the country’s debt-to-GDP ratio which increased to 56 per cent this year from 2017’s 50.7 per cent.
“During my time, the ratio never touched 55 per cent. PH can do it in just one year. Not only that, a lot of our country’s assets have been sold in bulk. Our, healthcare providing company, the IHH Berhad which was the nation’s pride has been sold to Japan.
“The same goes to our telecommunication company, Celcom which used to be ours 100 per cent, is now about to be sold to a company in Norway with the latter being offered the majority shares,” said Najib.
If BN had won GE14, he added, none of those would have happened.
“I am saddened with what is happening in the country after just one year but at least there’s a silver lining to BN’s defeat. The people can now compare PH and BN’s track record. Also, we can now see how PH’s slanders are being unraveled, one by one.
“Cash handouts are no longer bribe. It is now an economic catalyst. Abolishing goods and services tax did not bring down the prices of goods. I am also no longer a serial killer who murdered Altantuya, Kevin Morais and Teo Beng Hock.
“My wife also did not buy any pink diamond. It has also been proven in court that the controversial RM26 billion was indeed a donation for BN from a Saudi prince and that it has been returned to the donor and not pocketed by me,” said Najib.
In his keynote address yesterday, Prime Minister Tun Dr Mahathir Mohamad had once again pleaded for Malaysians to give PH more time to fulfill its election promises, reasoning that such a delay was due to them not knowing the extent of BN’s “misdeeds” done during the latter’s tenure.
PH had so far, fulfilled 58 of the 464 promises that were written in its election manifesto called the Book of Hope. It had made a total of 555 pledges during the run-up to GE14.