1MDB did not contribute to economy, says Rafidah

State-owned investment firm 1Malaysia Development Berhad (1MDB) has not contributed to the country’s economic growth despite its “billions”, former minister Tan Sri Rafidah Aziz said in a New Year’s message that included a reminder to Putrajaya to facilitate business instead of getting involved in it.

The former international trade and industry minister (pic, right) in a Facebook post yesterday said the government should not be involved in business but instead facilitate private sector growth.

“Now is the time for serious focus on economic governance… and sanity in the political and social spheres.

“The government should be facilitating business… not to be involved in business. The private sector should be assisted to continue as the key drivers of the economy.

“1MDB, for all the billions, has not input into the economic growth of the country. Every effort must be made to bring back confidence and trust in economic and social governance,” she wrote.

Rafidah also used the phrase “cash is king”, employed by former prime minister Tun Dr Mahathir Mohamad in his criticism of Prime Minister Datuk Seri Najib Razak for preferring to dole out cash through the BR1M programme instead of directly addressing economic problems.

Rafidah said a culture in which “cash is king” should not be allowed to take root as it would only result in “greed, dishonesty, corruption, disregard for rule of law, bribery and corruption”.

She urged the government to focus on managing the economy instead of unproductive politicking, petty nitpicking and divisive behaviour.

1MDB did not contribute to economy, says Rafidah
1 January 2016 – TMI


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All that is necessary
for the triumph of evil
is for good men
to do nothing.

- Edmund Burke
When the people
fears their government,
there is TYRANNY;
when the government
fears the people,
there is LIBERTY.

- Thomas Jefferson
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