Wee barking up the wrong tree

MP SPEAKS | MCA president Wee Ka Siong has continued venting his political frustrations at me, particularly singling out DAP, and indirectly against Prime Minister Anwar Ibrahim and the coalition government.His latest tirade on the depreciation of the ringgit against the US dollar is directed at Deputy Finance Minister Lim Hui Ying and me.This does not make sense when it is Anwar who is in charge of the Finance Ministry.

The ringgit at the time depreciated even though there was no war in the Middle East.Triggered by Middle East tensionsIn the absence of war, the higher interest rate differential of 2.25 percent to 2.5 percent in the US compared to Malaysia, and the poor performance of the Malaysian economy would be key factors in undermining the ringgit’s value.

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