WHO IS NAJIB TO PAWN MALAYSIA’S ASSETS TO ‘STRENGTHEN’ U.S. ECONOMY? OUTRAGED HARAPAN WANTS 2-DAY PARLIAMENT SITTING ON NAJIB’S ILL-FATED U.S. TRIP

PAKATAN Harapan leaders are calling for a special two-day parliamentary sitting to discuss Prime Minister Najib Razak’s meeting with US President Donald Trump.

Calling the meeting a “debacle”, PH information chief Tony Pua said they wanted Najib to call for the sitting so that he could explain Malaysia’s investments in the US when Trump had not promised anything in return.

“Najib must justify to 30 million Malaysians why he behaved like the leader of a vassal state to the US imperialists within days of celebrating Merdeka,” Pua from DAP said at the Bersatu office in Petaling Jaya.

The Petaling Jaya Utara MP said PH leaders were outraged at Najib for “pawning” Malaysia’s assets to strengthen the US economy, and alleged the prime minister did this “for his own personal agenda”.

 “The funds could be used to rescue the floundering Malaysian economy instead.

“President Trump didn’t even try to pretend that Malaysia got anything in return, for example, the promise of potential investments, imports of Malaysia-made products or visa-free travel.”

Opposition leaders have slammed Najib’s announcement that Malaysia will invest US$24 billion (RM100 billion) in the US.

In the meeting, Najib said the Employees Provident Fund (EPF) was going to spend an additional US$3 billion to US$4 billion on infrastructure redevelopment in the US.

PKR strategic director Sim Tze Tzin said usually, when a prime minister visited a First World country, foreign direct investment was expected, but this was not the case with Najib’s visit to the US.

“When the prime minister went to China, we saw investments. Now, we have a Third World country investing in a First World country. This is a big joke.  

“The people are already expressing their worry over the investments and asking what is in store for them.”

Sim said Malaysians were worried about the increased EPF investment, given that it had already invested nearly US$7 billion in the US.

“We know that EPF is one of the best retirement investment funds in the world.

“We know they will do their due diligence, but we are worried about the margins and the returns if something happens in the US stock exchange and our funds will be in jeopardy.

“We hope that EPF takes the necessary precautions and doesn’t dance to the tune of the prime minister.” 

“There is definitely no gains for Malaysians in terms of investments, compared with the billions invested (by Malaysia).”

– https://www.themalaysianinsight.com

.