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Wa respect sama lu gangpasal JADAH tu.
Fawzi Bin Kassim wrote:
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Mahathir mahu keluarkan bond lagi untuk menambah hutang rakyat yang telah
berbillion-billion. Mahathir hampir mampus. Cucu-cicit kita akan menderita akibat
nafsu Keling Haram-jadah ini.
Malaysia to launch billion-dollar global bond issue
KUALA LUMPUR, June 28 (AFP) - Malaysia is to launch a one-billion-dollar bond issue
in the international market to raise funds for government projects, Prime Minister
Mahathir Mohamad said Thurday.
It's not specific for any projects. It's just to top up some of our requirements.
It's a normal practice. Every year we go to the market to raise some funds through
bond issues, Mahathir told reporters.
He said proceeds would not be used to shore up declining foreign exchange reserves,
which could still finance up to three months of retained imports.
Asked if Malaysia's forex reserves were adequate to defend the ringgit peg, Mahathir
said: There's nothing to defend. Why should we defend the ringgit? Nobody can attack
the ringgit.
The ringgit has been pegged at 3.80 to the dollar since capital controls were
imposed in September 1998, amid a regional recession. The economy has since rebounded
but Mahathir has said the peg would remain until international rules were in place to
curb currency trading.
Earlier, the finance ministry issued a brief statement saying the bond offer
represents new financing and will be used for the general funding purposes of the
government.
It said the bonds would be rated 'BBB' by Standard and Poor's and 'Baa2' by Moody's.
JP Morgan and Salomon Smith Barney have been appointed joint lead managers.
In March Mahathir unveiled a three-billion-ringgit supplementary budget to shore up
the economy amid the US slowdown. He said the government has to take preemptive
measures to sustain the growth momentum.
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