Pakatan Harapan (PH)

1MDB Watch

Ex Malaysian PM Najib arrested in 1MDB probe

(July 3): Former Malaysian leader Najib Razak was arrested in connection with an investigation into scandal-hit state fund 1MDB and was expected to be charged on Wednesday in Kuala Lumpur, according to the task force investigating the case.

Malaysia

Final cost of ECRL is $27 bil; Malaysia to consider project only if price reduced

SINGAPORE (July 3): Malaysia has confirmed that the final cost of the East Coast Rail Link (ECRL) is RM81 billion ($27.3 billion), without including the operating deficit, which currently cannot be determined for now, according to Malaysia’s Minister of

Malaysia

Malaysia announces more Cabinet members; 3 more to go after being sworn in as senators

SINGAPORE (July 2): Malaysia has finally announced more names of the Cabinet members after Pakatan Harapan (PH) won the 14th general election on May 9.

1MDB Watch

How Malaysia sat on a RM53 bil debt

SINGAPORE (June 29): Malaysia’s Ministry of Finance (MOF) has to set aside RM44.6308 billion ($15.1 billion) from now to pay the remaining interest on four 1MDB bonds and to redeem the principal sums when they expire.

1MDB Watch

Mahathir seeks to recover US$4.5 billion 1MDB funds, Goldman fees

(June 22): Malaysia will seek to recoup US$4.5 billion ($6.1 billion) of funds that were potentially lost through 1MDB, as well as fees paid to Goldman Sachs Group, according to Prime Minister Mahathir Mohamad.

1MDB Watch

Malaysia to inject RM2.8 bil in rescue funding to complete TRX

SINGAPORE (June 21): The Malaysian government has agreed to inject RM2.8 billion ($950 million) of new capital into the Tun Razak Exchange (TRX) development in Kuala Lumpur to avoid bigger losses.

Malaysia

Malaysia may be replacing its stock market chief

(June 6): Malaysia is looking to replace the chief executive officer of the national stock exchange, two sources said on Wednesday, the latest in a series of top management changes initiated by the newly elected government.

Commentary

Do investors have the right narrative on Malaysia?

SINGAPORE (May 28): It has been another dramatic week in Malaysia. The new Pakatan Harapan (PH) government has revealed that the country’s total debt and liabilities have breached RM1 trillion ($336 billion). It has also come to light that the previous

1MDB Watch

Insolvent 1MDB unable to repay debt as director warns of scam

(May 24): Troubles at Malaysia’s state investment company 1MDB deepened as its officials told the government the fund is insolvent and unable to repay debts that could amount to almost US$7 billion ($9.40 billion) over the next five years.

Commentary

Catharsis in Malaysia

SINGAPORE (May 21): Anwar Ibrahim has been pardoned and released from prison. Lim Guan Eng has been appointed Minister of Finance, subject to the clearing of graft charges against him. The Auditor-General’s report on 1Malaysia Development Bhd (1MDB) has
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