Admitting that social media can be abused quite seriously, he said the government will do away with the act as promised to the people who voted the current government into power.
"For us, it means that we have to learn how to handle such fake news. When we have a law that prevents people from airing their views, we are afraid the government itself may abuse it, as has happened with the last government.
"We do not want any government, this one and the succeeding ones, to make use of the law for the government itself to create fake news in order to sustain itself.
"But, of course, it (fake news) will be difficult to handle but we believe that we can accept the challenge and we can handle it," he told a joint press conference with Singapore Prime Minister Lee Hsien Loong after the 9th Malaysia-Singapore Leaders’ Retreat, here, today.
The Dewan Rakyat passed the Anti-Fake News (Repeal) Bill 2018 in August last year but the Dewan Negara reject it in the following month.
Dr Mahathir was replying to a question on criticism by Reporters Without Borders (RSF) over a Singapore government move to legislate an anti-fake news act while Malaysia was moving in the opposite direction - to repeal the Anti-Fake News Act 2018.
To that question, Prime Minister Lee said fake news is a serious problem which concerns many countries and Singapore is not the only country to enact such a law.
According to him, France, Germany and Australia have done something similar and very draconian.
Lee said the Singapore Protection From Online Falsehoods and Manipulation Bill (POFMA) will be a significant step forward and the government will continue to do things that will work for Singapore.
RSF, in a statement recently, referred to the Singapore POFMA bill, which was presented to parliament on April 1, as “a major obstacle to the freedom to inform".