FROM THE WHITE HOUSE - 12 SEPTEMBER, 2017

The White House

Office of the Press Secretary

Photo Source : New York Times

For Immediate Release

September 12, 2017

Remarks by President Trump and Prime Minister Najib Abdul Razak of Malaysia Before Bilateral Meeting

Cabinet Room

12:11 P.M. EDT

PRESIDENT TRUMP:  Thank you very much.  It’s great to have the Prime Minister of Malaysia and his very distinguished delegation with us today.  We’re talking about trade -- very large trade deals.  We’re working on one deal where between 10 and 20 billion dollars’ worth of Boeing jets are going to be purchased, General Electric engines will be purchased, and many other things.  

Also, Malaysia is a massive investor in the United States in the form of stocks and bonds, and the stock exchange.  And they have to be very happy because we’re hitting new highs on almost a weekly basis.  And so we’re very proud of our stock market and what’s happened since I became President.  So I congratulate you on those investments.

But I just want to say, it’s an honor to have you here.  It’s an honor to have your delegation with us.  I believe you’ll be at the United Nations next week, and a lot of folks are going to be at the United Nations next week.  It should be an exciting week, and we look very much forward to that.

But I want to thank you very much for all of the investment you’ve made in the United States.  Also, the Prime Minister has a major role in not allowing ISIS -- or, as you say, Daesh -- and others to exist.  And he’s been very, very strong on terrorism in Malaysia, and a great supporter from that standpoint.  So that’s a very important thing to the United States.

He does not do business with North Korea any longer, and we find that to be very important.  We had a vote yesterday on sanctions.  We think it’s just another very small step -- not a big deal.  Rex and I were just discussing -- not big.  I don’t know if it has any impact, but certainly it was nice to get a 15-to-nothing vote.  But those sanctions are nothing compared to what ultimately will have to happen.

So thank you everyone for being here, and we appreciate it.  Mr. Prime Minister, it’s a great honor to have you in the United States and in the White House.  And thank you everyone for being here.  Thank you very much.  Thank you.

Would you like to say something?

PRIME MINISTER RAZAK:  Thank you very much, Mr. President, for your invitation for me and members of my delegation to meet with you at the White House.  I want to say that we come here with a strong value proposition to put on the table.

Number one, we want to help you in terms of strengthening the U.S. economy.  I come with three specific proposals.  Number one, we intend to increase the number of Boeing planes to be purchased by MAS.  We are committed to 25 planes of the 737 MAX 10, plus eight 787 Dreamliners.  And there is a strong probability -- not possibility – probability that we will add 25 more 737 MAX 10 in the near future.  So within five years, the deal will be worth beyond $10 billion.  That’s one.  We will also try to persuade AirAsia to purchase GE engines.

PRESIDENT TRUMP:  Great.

PRIME MINISTER RAZAK:  Secondly, we have Employees Provident Fund, which is a major pension fund in Malaysia.  They’ve got quite a big sum of capital to be exported.  They have invested close to $7 billion, in terms of equity, in the United States.  And they intend to invest three to four additional billion dollars to support your infrastructure redevelopment in the United States.

PRESIDENT TRUMP:  Great.

PRIME MINISTER RAZAK:  And thirdly, our sovereign fund, Khazanah, they have an office in Silicon Valley.  They have invested about $400 million, in terms of high-tech companies, and they intend to increase that investment as well.

Secondly, the other goal of your administration, Mr. President, which is to make the United States safe -- and with that, the world safe -- we are committed to fight Daesh, IS, Al-Qaeda, Abu Sayyaf -- you name it.  They are the enemy of the United States, they are also the enemy of Malaysia, and we will do our part to make sure that our part of the world is safe.

We will also contribute in terms of the ideological warfare because you need to win the hearts and minds.  And the key to it is to support moderate and progressive Muslim regimes and governments around the world, because that is the true face of Islam; that is the authentic face of Islam.  The more you align with progressive and moderate regimes, the better it would be in terms of winning the hearts and minds of the Muslim world.

PRESIDENT TRUMP:  Right.

PRIME MINISTER RAZAK:  So, Mr. President, thank you once again.  The United States has always been our partner for a long, long time.  And this year is our 60th anniversary of our relationship, and I hope that today’s meeting will make it even stronger in the years to come.

PRESIDENT TRUMP:  Thank you very much.  Appreciate it.

END 
12:18 P.M. EDT

ROHINGYAS JUST NEED PROPER SETTLEMENT - NIK ZAFRI

As you all have already known that the financial experts (or so called) have commenced their efforts to charter the implications of this year's credit crisis (esp. in the US) as a result of financial market turbulence. Not too long ago, everyone is aiming at the renaissance of China but with the current condition they are facing, it may potentially be a little while before their internal problems can be stabilized if not solved fully.

So, what can our world governments do? I humbly think that the financial market should be slowly integrated to become a global network or hub. Except for US, I've seen efforts via conferences and seminars towards implementing such plans. I'm also shocked to know the rate of countries retreating from Euro these days.

US on the other hand; if not properly controlled; may affect even to the security matters - just wait if New York started to feel the pinch and everything will start to lead to one problem to another. (esp. security matters) I do not know if US need to cut down on foreign assistance at the moment - but if this is the case, then the fiscal pinch may affect the amount of such aid. If I may say, I hope that New York can start efforts of working together with other financial hubs to become a network of global capitals. The only setback is the global political stability as whenever there are plans of more effective and beneficial integration, the political element has to be part and parcel of financial market. Of course, I don't need to tell how much US can save by less interfering in other countries internal affairs as what have been done in Africa, Iraq, Afghanistan and Pakistan. US Bush Administration has tried their best to save their economy but it is too sluggish - I hope they can crush their ego and restrategize - try to create a better relationships with other countries - they have tried too many models and these models just don't work...

We can no longer depend on IMF, World Bank (now almost irrelevant) and even the UN (they themselves are now in hot soup despite funded the US) but we have to do something NOW to create a healthier market - e.g. making more rooms for reserves. We know that UN's stand on Darfur, Georgia & Pakistan - total silence for unknown reason.

When I talk about integration or interdepence, I'm not really pointing towards globalization as it is still a concept of uncertainty that may become a friend or a foe. That is too much for a small guy like me to anticipate. Just referring to the good ol' concept working together as a team. This 'teamwork' may lead to good global financial governance will create better monetary policies, securities regulations and even signifcant changes can be made to auditing and accounting standards.

Where would be the ideal starting point? The answer is the first tier - Banking and Financial Institutions. I would like to open this suggestion to Asia (or SEA) as Asia is a very unique continent that has always found a way towards survival. (perhaps some democratization of financial policies should be in place) Most important is TRUST and coordinated efforts one another - as every bankers and financiers have all the knowledge. (Don't wait for someone else to start first) There should be no more too much dependency on certain elite groups or industries that are 'controlling the financial world' and we have seen the impact when these 'big mega industries' started to fall. (NASTY!)

Again, my 2 sens worth!