Put money from Samurai bond to good use, suspend ECRL, says Jomo

The economist suggests that Putrajaya hold discussions with China on new revelations in court that the ECRL was mooted by BN to bail out 1MDB. FMTNews

Prominent economist KS Jomo at a public forum on shared prosperity in Kuala Lumpur today.

“Borrowing from Japan may be the best choice now, but what are we borrowing for? This brings us to the question of the ECRL,” he said during a forum on shared prosperity here. He said Putrajaya should hold talks with the Chinese government, which may not be keen on being linked to such projects as its president Xi Jinping steps up measures to curb corruption in his country.

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