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Pakatan Harapan (PH)
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
July 03, 2018
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.
July 02, 2018
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.
June 29, 2018
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.
June 22, 2018
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.
June 21, 2018
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.
June 06, 2018
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
May 25, 2018
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.
May 24, 2018
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
May 18, 2018
In print this week
Will review of mega projects harm or help Singapore?
SINGAPORE (May 21): Malaysia’s new government has pledged to review all the mega projects that the previous government undertook. Cancellations or delays could affect both the Singapore economy and local companies.
May 18, 2018