'Harping on 1MDB issue will scare away investors'
Published on: Saturday, August 27, 2016
KUALA BRANG: Second Finance Minister Datuk Johari Abdul Ghani Friday advised the people to stop politicising the 1Malaysia Development Berhad issue, saying it will scare away potential investors. "Business should not be mixed with politics because there will be chaos. 1MDB is a company that was established for long-term investment, of between 10 and 20 years."Politicising it will cause interference in the company management," he said when opening the Hulu Terengganu Umno Division delegates meeting here. Also present was the division chief, Deputy Communications and Multimedia Minister Datuk Jailani Johari.ADVERTISEMENT Johari said that if indeed there had been malpractices and any party was at fault, the authorities would act against them.The public need not be concerned as it was a matter for businessmen to resolve, he added.Johari, who is an UMNO Supreme Council member, said the people should change their perception that 1MDB was the cause of the country's economic slowdown. He said the situation was due to the economic slump experienced by several major powers which affected the world economic climate and jeopardised the economies of other countries including Malaysia. ADVERTISEMENT "We practise an open economy. We have trade with many countries, including the United States, Japan, Thailand and countries of the Middle East and Europe. "When the world economy improves, our economy will follow suit.
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When the world economy declines, it will affect us in the same way." he added. –Bernama