Prime Minister Dr Mahathir Mohamad has requested for "yen credit" from his Japanese counterpart Shinzo Abe who has agreed to study this request.
He said perhaps the government could retire some of the high-cost borrowings that they have and replace them with the yen credit, then the interest rate could be cheaper and they wouldn't have to bear the interest for many years.
He said perhaps the government could retire some of the high-cost borrowings that they have and replace them with the yen credit, then the interest rate could be cheaper and they wouldn't have to bear the interest for many years.
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