KUALA LUMPUR: Saudi Aramco’s US$7bil investment in the Petronas Pengerang Integrated Complex in Johor, is a major testament that Malaysia is not on the verge of bankruptcy.Prime Minister Datuk Seri Najib Tun Razak said it was impossible for the Saudi Arabia state-owned oil company to commit to such a large investment in a country that was going bankrupt.“I raise this question because, as you know, there has been a lot of fake news lately. Unfortunately, the governments opponents here in Malaysia often prefer not to engage with us on the facts.“They create false propaganda like the idea that this is a state on the verge of bankruptcy some of which sadly gains traction internationally,” he said in his keynote address at the 2017 Global Transformation Forum here today.He ticked off such action as nothing less than economic sabotage for selfish, personal political gains which would affect all Malaysians.“The Aramco deal was almost wrecked by such fake news. After all, many would not expect a former leader to tell lies about his own country.“So when he tells people that Malaysia is facing bankruptcy, some believe him. Take Osram, a global leader in lighting manufacturing. And, in this category, we were, and I quote: “the clear frontrunner”.“This is the real story, the real facts and the real news about Malaysia’s transformation story ,” he concluded.

Source: The Star March 22, 2017 03:33 UTC