PETALING JAYA: Government investment arm 1Malaysia Development Berhad (1MDB) will not take any new loans unless it is to meet current debt obligations, said Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar.
“Over the years, they have expanded by way of borrowing from the banks or capital markets. They have been buying many assets including some of the power Independent Power Producers (IPP).
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