Malaysiakini News

Dr M: ECRL is like taking a loan to buy your wife a diamond

Norman Goh  |  Published:  |  Modified:

Prime Minister Dr Mahathir Mohamad has warned of debt traps such as the East Coast Railway Link (ECRL) project, likening it to buying a diamond for one's wife.

"Supposedly you want to buy a diamond for your wife with your money but you can't afford it. What can you do? You borrow money and buy the diamond ring, then forever be in debt. That is not wise."
 

Sign in


Welcome back,

Your subscription expires on
  

Your subscription will expire soon, kindly renew before
  

Your subscription is expired
  Click here to renew

You are not subscribed to any subscription package
  Click here to subscribe now

Any questions?
  Email: [email protected]
  Call: +603-777-00000

Renew