Two-thirds of adults worldwide are financially illiterate, according to the survey
1MDB, whose advisory board is headed by Prime Minister Datuk Seri Najib Tun Razak, announced plans in February to dismantle its assets after it drew criticism from lawmakers for accumulating about 42 billion ringgit of debt in less than five years of existence. The company came under further scrutiny after it almost defaulted on a loan and clouded the sovereign's credit rating with its borrowings weighing on the government's contingent liabilities.
The CDS contracts were at 175 points on Monday, having climbed to 247 in September, the highest in more than six years, CMA prices show. Brent crude was around $45 on Tuesday and is down from its 2014 peak of more than $115. - Bloomberg
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