Lim dismisses viralled 2018 Nikkei report as misleading - Nation - News Summed Up

Lim dismisses viralled 2018 Nikkei report as misleading - Nation


PETALING JAYA: The October 2018 Nikkei report that has gone viral is an attempt by irresponsible elements to mislead people into thinking that the Malaysian economy is doing poorly, says Lim Guan Eng. The report said the country's trade surplus was only RM1.6bil and was the lowest in 45 months. According to Lim, Malaysia's trade surplus rose to a record of RM16.3bil two months after the August figures - the highest level ever in Malaysian history. "Indeed, longer-term figures such as approved manufacturing FDI for the first nine months of 2018 rose 250% to RM49bil. Lim added that the domestic banking system continues to have sufficient liquidity while the monetary system is healthy and stable.


Source: The Star January 05, 2019 06:45 UTC



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