Wee: Good China ties have boosted commodity prices

  • Nation
  • Monday, 06 Feb 2017

Altogether now: Dr Wee, flanked by Muar MP Datuk Razali Ibrahim on his right and Muar MCA division chief Datuk Tay Puay Chuan, celebrating in Muar.

MUAR: Malaysia’s good relations with China helped increase the pri­ces of commodities, in particular palm oil, which benefited the people.

MCA deputy president Datuk Seri Dr Wee Ka Siong criticised naysa­yers for claiming the country's economy was going downhill.

“Lately, there has been a lot of noise on Malaysia going bankrupt but this is not true as the Govern­ment has made it even stronger,” he said during the Muar MCA’s Chinese New Year open house.

He said the price of palm oil was previously RM2,700 per tonne but was now at RM3,300 per tonne.

This is good news, he said, for 550,000 planters nationwide inclu­ding the majority who are in Johor.

He attributed the price increase to Prime Minister Datuk Seri Najib Tun Razak’s recent visit to China besides the good relations between both countries.

Dr Wee said Najib had successfully inked a deal with the Chinese government for them to buy Malaysian palm oil.

“This will lead to good financial returns for planters here which they can use to invest for their children’s education,” he said.

On another matter, Dr Wee urged the MCA grassroots to drum up support for Barisan Nasional as part of their preparations for the general election This was important, he said, to ensure Barisan candidates win in the election.

Dr Wee also believed the Opposition would continue using parachute candidates and reminded voters to be smart in choosing who they voted for.

“Why should we have a candidate who is not local and will not be around to solve problems faced by the people?” he asked.

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