The country also had high domestic savi=
ngs
and a stable currency which was not subjected to fluctuation, the Prime
Minister said when commenting on “I believe, =
insya-Allah
(God willing), we can weather the storm. We still have strong economic
fundamentals. We have very strong reserves. Our trade surplus is still stro=
ng.
We do have high domestic savings. “We are not in any kind of turmoi=
l.
We have a healthy democracy,” Abdullah told reporters after delivering
his keynote address at the US-Islamic World Regional Forum here on Monday.<=
o:p> He said the country would have to gener=
ate
greater domestic consumption and he wanted to see more investments in the
country. However, he said that the Government ha=
d no
intention of pegging the ringgit like it did to
weather the 1997 Asian currency crisis, and would remain
“pro-business.” “We have a lot of assets that we =
can
use to withstand the impact of the situation we are facing today, but IR=
17;m
not saying that it’s going to be easy. “It’s going to be tough. If=
we
stand together, if the rakyat (citizenry)
supports the Government, we can continue to work well with the private sect=
or
as a unit. We should be able to weather the storm,” he said.