Ku Li: Declaring an Emergency could be 'final nail in the coffin' for ailing local economy

PETALING JAYA: The proposed proclamation of Emergency could be the "final nail in the coffin" for the country's economy, says Tengku Razaleigh Hamzah (pic).

The senior lawmaker and former minister said he was dismayed and shocked that the Prime Minister, with the support of his Cabinet, was seeking the consent of the Yang di-Pertuan Agong to declare a state of emergency.

"If the Prime Minister were to get his way in imposing the proposed state of emergency, as an economist myself and the former finance as well as international trade and industry minister, I can say with some certainty that it may be the 'final nail in the coffin' of our already battered economy," he said in a statement on Saturday (Oct 24).

Tengku Razaleigh said he was not questioning the right of the Prime Minister to seek a declaration for a state of emergency with the King as stipulated under the Federal Constitution, but rather the basis, rationale, timing and the real motive for it.

"We are now having a public healthcare crisis that is severely impacting the livelihood and economy of our people and which the government may not be managing the crisis in the best interest of the public.

"The public and politicians across the divide, except for a few recalcitrants, are cooperating with the Government on the measures and standard operating procedures.

"Our parliamentary system of democracy is working well and there is no mass rebellion or riots on our streets.

"I cannot see any honest basis for such a request while I can only suspect non-honourable motives behind it," he said.

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