The media had previously reported that three Malaysian banks were named as among the chief unsecured creditors of Genting Hong Kong, with a combined exposure of US$600 million (RM2.5 billion).

“Maybank has issued a statement saying it would not affect the bank’s financial strength. I think the finance ministry will monitor the situation closely.

“But so far, based on the statement given by Maybank, it has no impact on our liquidity and I think Bank Negara Malaysia (BNM) and the finance ministry will take measures to ensure that liquidity in the country remains strong,” he said after chairing the Selangor Development Action Council meeting here today.

He added that, in general, the World Bank had reviewed the performance of Malaysia’s economic growth this year which was quite promising.

“With the latest figure produced by the World Bank, we expect to achieve 5.8% growth and this is also in line with the projection by the finance ministry and BNM of 5.5-6.5% growth for 2022, which is certainly a better performance compared with 2021 which was at 3.3%,” he said.

On the cost-benefit analysis documents on the ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Azmin said his ministry was studying the findings of the report.

“I will table the findings of this report to the Cabinet, hopefully in late February. We will certainly make the findings public.

“We expect to continue discussions on this matter with stakeholders to make sure all parties understand the obligations of the private and public sectors under the CPTPP,” he said.