KUALA LUMPUR, March 10 – The Finance Ministry has never monitored media reports that could lead to sentiments on the nation’s economy, the Dewan Rakyat was told Tuesday. Deputy Finance Minister Datuk Chua Tee Yong said news reports by the media are sometimes run in order to increase their sales and circulation but to date the ministry is not monitoring any media organisation because they are given the freedom to do so.
However, if the facts were wrong, action would be taken on them later, he said. Chua was replying to a question from Datuk Seri Reezal Merican Naina Merican (BN-Kepala Batas) during the question-and-answer session on whether the ministry was monitoring media reports that could sabotage the nation’s economy. He said Bank Negara was conducting daily monitoring on the currency market in ensuring movements in the exchange rate was in order and to curb any speculative attacks against the ringgit.
Chua said the Malaysian economy continued to remain strong and recorded a growth of six per cent last year as compared to 4.7 per cent in 2013. “Inaccurate and inconsistent analysis apart from twisting the facts are among the economic sabotage acts that will leave a bad impression on the public.
“However, the Malaysian economy is not threatened by the sabotage moves as the nation’s economic strength is supported by solid basic macroeconomics with strong savings and reserves, the country’s inflation rate is still manageable and there is low unemployment rate,” he said. Chua said efforts to monitor groups of people suspected to be sabotaging the nation’s economy were also conducted with the cooperation of the law enforcement agencies.