X Close

Nation

Published: Saturday February 2, 2013 MYT 12:00:00 AM
Updated: Wednesday April 17, 2013 MYT 12:02:09 PM

Chua: Bursa will plunge if PR wins

Building for the future: Dr Chua (third from right) performing the ground-breaking for a new MCA
building in Jinjang Utara in Kepong. With him are (from right) MCA Young Professionals bureau chief Datuk
Chua Tee Yong, deputy president Datuk Seri Liow Tiong Lai, Kepong MCA chairman Datuk Tan Kim Hor,
Federal Territory MCA chairman Datuk Seri Tan Chai Ho and secretary-general Datuk Seri Kong Cho Ha.

Building for the future: Dr Chua (third from right) performing the ground-breaking for a new MCA building in Jinjang Utara in Kepong. With him are (from right) MCA Young Professionals bureau chief Datuk Chua Tee Yong, deputy president Datuk Seri Liow Tiong Lai, Kepong MCA chairman Datuk Tan Kim Hor, Federal Territory MCA chairman Datuk Seri Tan Chai Ho and secretary-general Datuk Seri Kong Cho Ha.

KUALA LUMPUR: Bursa Malaysia will drop 500 points if Pakatan Rakyat wins the coming general election, said Datuk Seri Dr Chua Soi Lek.

The MCA president said any change in the government would bring political uncertainty and would have a direct impact on the national economy.

He said the impact of Pakatan Rakyat rule would be adversed as its dominant partner, PAS, had little or no interest in the economy.

He said PAS was bent on implementing its brand of hudud law and setting up an Islamic state.

“PAS has also mentioned that it will close Genting (Highlands) and the Bursa. All these will frighten investors, be they locals or foreigners,” he said after opening the 64th anniversary celebrations of the Federal Territory MCA here yesterday.

Dr Chua urged voters to assess the country's situation in a rational manner, taking into consideration its future before making a decision.

He said under the leadership of Prime Minister Datuk Seri Najib Tun Razak, the national economy experienced an upward trend with foreign direct investments at RM34bil in 2011 against RM5bil in 2009.

Dr Chua, who is a member of the National Economic Council, said Pakatan's populist policy of pledging to abolish tolls and PTPTN loans, providing free education and a RM4,000 minimum monthly household income for 3.8 million families, would cost the government RM200bil a year.

“If and when this is implemented, it will bankrupt the country within two years,” he cautioned.

Dr Chua thanked Najib and his deputy Tan Sri Muhyiddin Yassin for the mutual recognition for 157 tertiary institutions in Taiwan and 121 tertiary institutions in Malaysia as announced by the Higher Education Ministry on Thursday.

“This has opened up more avenues for Chinese-educated students to further their studies and return home to serve the country,” he said.

Tags / Keywords: Nation, News, Politics, chua soi lek, GE13

advertisement

  1. Fire in 1 Utama food court causes morning crawl along LDP
  2. ‘New OPR will have little impact’
  3. Estonian model, boyfriend brought to court in May
  4. Dengue vaccine trial shows promise
  5. Patients get kidneys from Australian killed in boating accident
  6. Top 10 Bung gaffes
  7. Bung's apology not sincere, say netizens
  8. Two men arrested in connection with death of Estonian model
  9. Bung Mokhtar apologises to Germans for 'Hitler' tweet
  10. Estonian model found dead

advertisement

advertisement