What was written in the local newspaper today.
THE STAR (www.thestar.com.my)
-- To revitalize the economy, 5.0 billion ringgit more will be pumped into the market to support undervalued stocks, Deputy Prime Minister Najib Razak said.
-- The government's pre-emptive move to stabilise the stock market and the economy is seen as a right step in arresting any external-led economic weakness on the domestic economy, analysts said.
-- The government will double the size of Valuecap Sdn Bhd to 10 billion ringgit to buy undervalued shares, providing support to the local market, Deputy Prime Minister Najib Razak said.
Prop up the stock market to stabilize the economy?....My Ass( opps sensitive) My foot….to The Limp.
"Yes, our stock market is affected by the sentiment in other markets, but I would like to say that we are not in a financial crisis and certainly we should not talk ourselves into one,"
What our historian and political analyst Dr. Khoo Kay Peng had said……correct, correct. correct… opps wrong words.. he did actually said….denial, denial, denial.. He emphasized that "The government cannot hold back on solid economic responses especially in terms of policy direction and market liberalization,".
You are right Dr. Khoo. Maybe.. we could have another swearing event for The Limp to swear that the country economy is all right…Believe in him…Duh…..
