Malaysia Appreciates Sincere Friends During Hard Times
TOKYO, May 24 (Bernama) -- Malaysia will remember Japan and China with gratitude for being sincere friends when Malaysia faced hardships during the 1997-98 regional financial crisis, Prime Minister Datuk Seri Abdullah Ahmad Badawi said Thursday.
Malaysia would not be in the good shape that it is in now if not for the friendship with Japan and China, as they had offered the necessary aid and support to the affected countries, in Asean particularly, he said. "Friends with sincere relationships are vital. Friendships have to be preserved," he said in a question-and-answer session after delivering his keynote address at 13th Nikkei International Conference here on the Future of Asia.
Abdullah said Malaysia would remember Japan's efforts to assist the East Asian economies which were affected by the financial crisis via its Miyazawa initiative. He said Japan itself was struggling with its own financial problems at that time and had suffered from the Asian financial crisis albeit to a lesser extent. "Yet Japan came forward to assist its less fortunate neighbours in the region," he added.
Abdullah said at the first Asean Plus Three (Asean+3) Summit, China's president had responded positively to a call by the affected countries' leaders not to devalue its renminbi as that would help the recovery process of the affected economies. Abdullah said Malaysia had learnt a lot from the "bitter experience" of the financial crisis, and has built a resilient economy and adopted prudent management.
Source : The Bernama
Malaysia would not be in the good shape that it is in now if not for the friendship with Japan and China, as they had offered the necessary aid and support to the affected countries, in Asean particularly, he said. "Friends with sincere relationships are vital. Friendships have to be preserved," he said in a question-and-answer session after delivering his keynote address at 13th Nikkei International Conference here on the Future of Asia.
Abdullah said Malaysia would remember Japan's efforts to assist the East Asian economies which were affected by the financial crisis via its Miyazawa initiative. He said Japan itself was struggling with its own financial problems at that time and had suffered from the Asian financial crisis albeit to a lesser extent. "Yet Japan came forward to assist its less fortunate neighbours in the region," he added.
Abdullah said at the first Asean Plus Three (Asean+3) Summit, China's president had responded positively to a call by the affected countries' leaders not to devalue its renminbi as that would help the recovery process of the affected economies. Abdullah said Malaysia had learnt a lot from the "bitter experience" of the financial crisis, and has built a resilient economy and adopted prudent management.
Source : The Bernama
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