Najib brings old team back together, questions PH’s moral legitimacy

Former PM Najib Razak says the latest news to hit the country is Norway’s sovereign wealth fund announcing it will no longer invest in Malaysian bonds.

KUALA LUMPUR: Former prime minister Najib Razak has hit out at Pakatan Harapan over its broken manifesto pledges, labelling “Malaysia Baru” as just a hollow slogan.

Speaking at a town hall session on “Politik Malaysia Baharu”, Najib, who shared the stage with MCA president Wee Ka Siong and MIC deputy president M Saravanan, said PH’s moral legitimacy could be questioned as it had not fulfilled its promises.

Others present today included Umno president Ahmad Zahid Hamidi and MIC president S Vigneswaran and other Barisan Nasional leaders.

“In the context of democracy, we have a contract with the people and a large number of people gave their votes to PH based on their manifesto,” Najib said at the session in the Putra World Trade Centre.

“If we do not fulfil our promises, we don’t deserve to be the government,” said Najib in hitting out at PH over issues of fuel pricing and the 1.25% hibah announced by Tabung Haji yesterday.

Under his administration, Najib said the hibah had not been lower than 6.75%.

“Nowadays, there is bad news every day. This morning, Norway’s sovereign wealth fund announced it would no longer invest in Malaysian bonds.

“This is the world’s largest wealth fund. Norway said ‘no way’ because of a loss of confidence.”

Najib also cited the performance of the stock market, the increase in national debt, the sale of assets and drop in Moody’s ratings.

“But most heart-wrenching is the hibah … depositors cannot accept this and should demand for higher hibah.”

Earlier, Wee described the PH-led government as one that was dreaming as it intended to do things which seemed impossible.

Citing the example of the “flying car” plan, Wee said the government cannot even solve the problem of traffic jams.

“Don’t dream too much. Even to build the Tesla model cost US$5 billion. We, on the other hand, are only spending RM1 million for a prototype of a flying car.”