{
    "success": true,
    "data": {
        "id": 1030531,
        "msgid": "kl-trade-gap-worsens-1447893297",
        "date": "1996-09-09 00:00:00",
        "title": "KL trade gap worsens",
        "author": null,
        "source": "REUTERS",
        "tags": null,
        "topic": null,
        "summary": "KL trade gap worsens KUALA LUMPUR (Reuter): The Malaysian penchant for foreign brand-name clothes and expensive imported furniture is adding to the country's balance of payments deficit, Deputy Prime Minister Anwar Ibrahim said. \"We have been afflicted with expensive taste syndrome, buying imported goods for ourselves, decorations for our house,\" Anwar, who is also finance minister, was quoted as saying in The Star newspaper on Saturday.",
        "content": "<p>KL trade gap worsens<\/p>\n<p>KUALA LUMPUR (Reuter): The Malaysian penchant for foreign<br>\nbrand-name clothes and expensive imported furniture is adding to<br>\nthe country's balance of payments deficit, Deputy Prime Minister<br>\nAnwar Ibrahim said.<\/p>\n<p>\"We have been afflicted with expensive taste syndrome, buying<br>\nimported goods for ourselves, decorations for our house,\" Anwar,<br>\nwho is also finance minister, was quoted as saying in The Star<br>\nnewspaper on Saturday.<\/p>\n<p>\"Last year, 14.2 percent of the country's imports totaling 28<br>\nbillion ringgit comprised consumer goods. Although the amount is<br>\nsmall, the amount is big for Malaysia's population.\"<\/p>\n<p>Malaysia's current account deficit has worried international<br>\ninvestors, concerned over the possibility of a Mexico-type<br>\ncurrency devaluation. Mexico was forced to devalue its currency<br>\nin December 1994 after a high current account imbalance,<br>\ntriggering a financial crisis.<\/p>\n<p>The Malaysian government has forecast that the current account<br>\ndeficit will fall slightly to 17 billion ringgit (US$6.81<br>\nbillion) this year from 17.82 billion last year, and 11 billion<br>\nin 1994.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/kl-trade-gap-worsens-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}