Guan Eng should focus on building investors’ confidence, says Anwar

PKR de facto leader Anwar Ibrahim has advised Finance Minister Lim Guan Eng to be more careful when issuing statements.

PETALING JAYA: PKR de-facto leader Anwar Ibrahim said Finance Minister Lim Guan Eng has to strike a balance between exposing scandals and inspiring confidence among investors.

Anwar, who helmed the ministry from 1991 to 1998, said Lim must be cautious when issuing statements as they would be used as reference points by investors.

“So, he should focus on pacifying the investors and inspire confidence among them,” he told Astro Awani.

Anwar noted that in the current scenario, ministers were responsible for exposing deals and lies by the previous government.

But the former deputy prime minister said that Lim, who is also DAP secretary-general, should leave the exposes to others, including the Malaysian Anti-Corruption Commission.

A few days ago, Lim said that another major scandal “related to the finance ministry” will be revealed soon, adding that his officers were expecting to uncover more scandals – all within the new government’s first 100 days in office.

Anwar’s comments also came in the wake of Lim’s criticisms of Moody’s Investors Service over its recent report which Lim said did not uncover the true extent of the Malaysian government’s debt.

The report by the rating agency contained an analysis of the implications of the new Malaysian government’s policies on the sovereign’s credit profile. A report by Bernama quoted Lim as saying that the government had never denied that the direct national debt stood at RM687 billion.

“This itself shows that they (Moody’s) are aware of government guarantees which have become direct double-debts. This should also be taken into account, when you reveal the true extent of the government debt,” he was quoted as saying.

Anwar’s comment also comes almost a month after Bloomberg columnist Andy Mukherjee had said Lim should be more tactful in handling the 1MDB probe.

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