He was commenting on the S&P Global Ratings yesterday which reaffirmed Malaysia’s foreign currency and local currency ratings with a stable outlook. It had reaffirmed the country’s A-/A-2 foreign currency and A/A-1 local currency ratings.

The international rating analyst had also indicated that it may raise the ratings over the next 24 months if the strong economic performance continues from the previous years.

“If we can manage our economy well, then our ratings will rise again,” Mahathir told reporters after attending an Aidilfitri gathering at Kota Mahsuri here.

On his announcement yesterday, during his official visit to Indonesia, on reviving an idea for Malaysia and Indonesia to jointly produce cars, he said it would be followed up with a new proposal.

“I don’t know whether they want to do it or not, but we have our proposal,” he said.

Mahathir said the proposal would also include a collaboration between the two countries to manufacture auto parts.

Mahathir, who is also the Langkawi MP, is on a two-day visit to the island where he started his programme today by opening the 29th annual general meeting of Koperasi Pembangunan Daerah Langkawi before hosting an Aidilfitri open house at the Lada Sports Complex.

Apart from attending the Kota Mahsuri Aidilfitri open house today, he is also scheduled to inspect the Langkawi parliamentary service centre tomorrow.