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Mahathir announced Sept. drug market; Thailand, with a inhabitants one-fifth that of the United States, has simply as many heroin addicts-500,000, in line with an Oct. 6 cowl story in Newsweek's worldwide edition. Based on the expanded definition from 2 years in the past to adjust to international standards which incorporates international possession of bonds and bank deposits in Malaysia owned by foreigners, Malaysia's external debt is now RM846 billion - or about 66% of our GDP. A news missed out by most individuals at the tip of 2015 is that due to the Ringgit depreciation in 2014 and 2015, the fact that nearly all of our authorities debt is in Ringgit and our continued trade surplus, Malaysia reverted to a net creditor nation standing within the year 2015 - certainly very completely different from what PakaTun saying that we are bankrupt or failed state In response to the latest Journal assaults, Malaysia expelled two correspondents of the Asian edition of the Journal on Sept.
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2 businessmen's assembly there that the Wall Street Journal has been conducting a sustained marketing campaign to sabotage the Malaysian financial system. There are about 250,000 angel investors contribute $20 to $30 billion every year to over 30,000 ventures within the United States and Canada. There is only a really brief list of international locations of probably 18 major countries on this planet who're in a net creditor standing. This was mainly resulting from the great Global Recession that began that yr and Najib did some pump priming to avoid wasting Malaysia from a nasty recession when he took over One of many "points" uncovered by the Asian Journal was the tin bought by the Malaysian authorities between mid-1981 and early 1982 in an effort to help costs. Mahathir took this struggle right into Lower Manhattan, telling an Oct. Looking at the current trend and the fact that the Australia economic system is struggling now due to the droop in commodity costs and lowered demand from China, many imagine that this may continue to develop and will overtake Malaysia soon - whereas Malaysia's ratio has been relatively stable over the previous few years.