Cover image via Reuters/TMIOn the morning of 30 September, PM Najib, who is in the US for United Nations General Debate, held a breakfast meeting with several American fund managers in New York.
There he urged them to ignore the "noise" back in Malaysia related to 1MDB, telling them to instead focus on the "real" fundamentals of a resilient economy despite the current economic volatility.
Image via Reuters/TMI
"The government is here to stay"
Speaking on 1MDB, he said the company was expected to announce "in the coming days" a further reduction of its total debt by about RM16 billion.
Najib added that he had given his undertaking that the government would need 6 months until the end of the year to reduce the debt and turn around the company.
Image via Rizal Zulkapli AWANI
Saying that the business model of 1MDB was based on the concept of "fast IPO" and not using a lot of government funds, Najib added that the indicators were good for the Malaysian economy but "the noise level may not be all that positive about Malaysia"
Image via Malay Mail Online
On the Bersih 4.0 demonstration and the subsequent anti-Bersih protests in KL recently, Najib said despite the two rallies, there is political stability in Malaysia.
He also said the demonstrations were managed well by the police, who did not have to resort to the use of force. "They ended up on a good note," he said.
