{
    "success": true,
    "data": {
        "id": 1509985,
        "msgid": "kl-blames-singapore-for-market-rumors-1447893297",
        "date": "1997-11-22 00:00:00",
        "title": "KL blames Singapore for market rumors",
        "author": null,
        "source": "REUTERS",
        "tags": null,
        "topic": null,
        "summary": "KL blames Singapore for market rumors KUALA LUMPUR (Reuters): Prime Minister Mahathir Mohamad said many of the rumors swirling around Malaysia's financial markets originated in Singapore. \"From Singapore you get at least three rumors in a day and Malaysians react completely (to them),\" he told a news conference on Thursday night after chairing a special meeting of his political party to discuss ways to bolster the country's weak currency.",
        "content": "<p>KL blames Singapore for market rumors<\/p>\n<p>KUALA LUMPUR (Reuters): Prime Minister Mahathir Mohamad said<br>\nmany of the rumors swirling around Malaysia's financial markets<br>\noriginated in Singapore.<\/p>\n<p>\"From Singapore you get at least three rumors in a day and<br>\nMalaysians react completely (to them),\" he told a news conference<br>\non Thursday night after chairing a special meeting of his<br>\npolitical party to discuss ways to bolster the country's weak<br>\ncurrency.<\/p>\n<p>\"You would rather believe in Singapore rumors than in what I<br>\nsay,\" he said in response to a question on market speculation<br>\nthat the government would suspend trading on the Kuala Lumpur<br>\nStock Exchange.<\/p>\n<p>He added: \"Malaysians are very good. They never start any<br>\nrumors. But Singapore, they only start rumors about Malaysia. We<br>\nare famous for shooting ourselves in the foot.\"<\/p>\n<p>Asked why he thought the market rumors originated in<br>\nSingapore, Mahathir said: \"I don't know but I think it's natural.<br>\nI suppose we are competing economies, so the rumors come.\"<\/p>\n<p>The Malaysian stock market lost some 20 percent of its value<br>\nthis week amid a spate of negative rumors which some dealers and<br>\nanalysts said emanated from Singapore.<\/p>\n<p>They included speculation about Mahathir's health and<br>\nallegations of a run on deposits at several Malaysian banks.<\/p>\n<p>Mahathir described talk that he had fainted in a recent<br>\ncabinet meeting as a \"deliberate lie,\" while the central bank<br>\nsaid on Thursday that rumors of a run on banks were \"baseless.\"<\/p>\n<p>Deputy Prime Minister Anwar Ibrahim, who was also at the news<br>\nconference, said the government had no plans to suspend trading<br>\non the stock exchange.<\/p>\n<p>Malaysia aspires to be a financial center for Southeast Asia<br>\nto rival Singapore and relations between the two countries have<br>\nnot always been smooth.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/kl-blames-singapore-for-market-rumors-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}