Malaysiakini News

Bankruptcy more likely if Dr M borrows from Japan - Umno man

Published on  |  Modified on

Umno Youth exco Shahril Sufian Hamdan warns that Malaysia is at greater risk of going bankrupt if Prime Minister Dr Mahathir Mohamad goes ahead with his plan to obtain soft loans from Japan in yen.

"The risk of the country going bankrupt is higher when we borrow in foreign currency such as the yen, as we are exposed to the fluctuations of currency exchange between the ringgit and yen, and also the interest rate in Japan," he said...

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