PM: M'sia has good credit, we're still being offered loans
Malaysia's credit standing is still good, said Prime Minister Dr Mahathir Mohamad today, pointing to the fact that his administration was still being offered new loans.
"Our credit rating is very good because people are coming forward to offer bonds for us to borrow.
Malaysia's credit standing is still good, said Prime Minister Dr Mahathir Mohamad today, pointing to the fact that his administration was still being offered new loans.
"Our credit rating is very good because people are coming forward to offer bonds for us to borrow.
"But of course, we have to (consider) the best offer. Samurai bonds will attract an interest rate of 0.5 percent," said Mahathir during a press conference after the Budget 2020 speech.
Finance Minister Lim Guan Eng's speech had revealed that the Japan Bank for International Cooperation (JBIC) had offered a new loan that was even cheaper than the one subscribed to earlier this year.
To a question, Mahathir confirmed that Malaysia was not taking up panda bonds.
He said the federal government's financial situation was stable and that there were no non-performing loans.
On the government's plans to lower the floor price for foreigners who wished to buy high-rise residential properties, Mahathir expressed confidence that it would make homes more affordable for local buyers.
"This is limited to flats (high-rises), not landed property. There are (too much high-rise) properties at this moment and we need to sell it off," he said.
When asked about how his administration would address those who were not happy with Budget 2020, Mahathir replied: "People are happy. Almost everyone got something."
