On September 17, Prime Minister Datuk Seri Abdullah Badawi who was then the Finance Minister switched portfolios with Defence Minister, Deputy Prime Minister Datuk Seri Najib Tun Razak. There were mixed reactions to the sudden exchange of offices but it was a matter of better-late-than-never as the future of the country's ailing economy seemed bleak.
Being a graduate from University of Nottingham with a Bachelor's degree (Hons.) in Economics, many saw Najib as a more suitable candidate to lead the Ministry of Finance. His predecessor, Badawi on the other hand graduated with only a Bachelor of Art in Islamic Studies.
And it took Badawi this long to realise Islamic Studies had nothing to do with economics.
In just than a week in office, the new Finance Minister announced that Malaysia is heading for an economic growth rate of 5.5% or 5.7%; provided the US economy remains stable....
Tuesday, September 30, 2008
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