Ong Kian Ming says the interview with a UBS banker about Malaysia's economy was 'cringeworthy' and factually wrong.
International Trade and Industry Deputy Minister Ong Kian Ming has joined his colleague Tony Pua in slamming an interview carried byon April 11, which features a Singapore-based banker speaking about the Malaysian economy.of Kelvin Tay, from UBS Wealth Management, speaking about the Malaysian economy," he said.
Tay also said that the government is going to scale back expenditure, which leads to the economy"shrinking back further". "While the oil and gas sector is an important part of the economy, it is nowhere near 30 percent of the country's GDP. I think he was referring to 30 percent of government revenue," said Ong, who is a political scientist by training.
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