Indonesian Political, Business & Finance News

Mahathir slams S'pore rumors

| Source: DPA

Mahathir slams S'pore rumors

KUALA LUMPUR (DPA): Prime Minister Mahathir Mohamad has
accused Singaporeans of spreading negative rumors about
Malaysia's economy because of trade competition between the two
countries, news reports said yesterday.

"From Singapore, you get three rumors a day. And Malaysians
acted in full faith on those rumors, but if the Malaysian prime
minister told them the truth, they would say he is lying,"
Mahathir said.

Mahathir expressed unhappiness over rumors, said to be
emanating from neighboring Singapore over the past few days, that
he had fainted, that trading on the Kuala Lumpur Stock Exchange
would be suspended, and that there were runs on Malaysian banks.

The premier said the rumors may have started in Singapore
because Malaysia and the island republic were competing
economies.

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