Annuar blasts Opposition, foreign investments in M'sia not akin to selling country

MELISSA DARLYNE CHOW


KUALA LUMPUR: The Opposition cannot bear to hear anything good that happens to the Federal Government.

Tan Sri Annuar Musa (BN-Ketereh) said it would be a nightmare for the Opposition to hear of the government’s success.

He said that the Opposition had also claimed that the government was trying to sell the country, when a foreign government invested heavily in Malaysia.

He stated Malaysia, under the premiership of Tun Dr Mahathir Mohamad, had once received huge investments and foreign loans from Japan but the Opposition did not make a big hue and cry over it.

Annuar then launched into a flurry of investments and loans that had been given by the Japanese government, such as the Overseas Development Assistance between 1969 and 2001, totalling 26.39 billion yen (RM1.02 billion) in bilateral loans taken by Malaysia, which was one of its biggest recipients.

“Other projects where we had loans from Japan included the Pahang-Selangor Water Tunnel Project, 53.7 billion yen (RM2.08 billion) for the Kenyir power station programme, the Higher Education Loan totalling 5.3 billion (RM205.6 million) and 4.85 billion yen (RM188.16 million) for a sewerage treatment plant.

“The loan taken during Dr Mahathir’s time was higher than the nation’s Gross Domestic Product (GDP). For instance, in 1986 the foreign loan taken was 103.4 per cent, in 1988 it was 96.4 per cent and in 1990 it was 75 per cent.

“As compared to Prime Minister Datuk Seri Najib Razak’s tenure, the investments by Japan then were huge. The debt levels were so high. Was the country colonised by Japan? No!” he stressed.

“If the economy is good, if unity is getting better and if the government is stable, all these are bad news to the Opposition,” he said when debating the motion of thanks on the royal address of Yang di-Pertuan Agong Sultan Muhammad V at the Dewan Rakyat today.