1MDB scandal costs Malaysia RM50bil


KUALA LUMPUR: Finance Minister Lim Guan Eng (centre) visiting a exhibition during National Tax Conference 2018 'Taxation in a Changing Economy' at Kuala Lumpur Convention Centre, yesterday Also present were Chief Executive Officer Lembaga Hasil Dalam Negeri Malaysia (LHDN) Datuk Seri Sabin Samitah (right) and Secretary General of Treasury Datuk Seri Dr Ismail Bakar - Bernama

KUALA LUMPUR: Malaysia would have been able to go ahead with the shelved mega-projects if not for the 1Malaysia Development Bhd (1MDB) scandal and other “mini 1MDBs” that are plaguing the country, said Finance Minister Lim Guan Eng.

“We would have been able to afford all these, including the originally planned light rail transit 3 (LRT 3).

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Lim Guan Eng , 1MDB , SST , projects , cancelled , Malaysia , scandal , cost , LRT ,

Next In Business News

Ringgit to remain steady, trade within 4.10-4.12 versus greenback next week
Thai market wades out of flood woes
Investors turn to EMs
Mega port strategy in the dock
Casino home run for Cohen
Genting’s high-stakes double-edged win
Cortina rolls out mobile homes for Winter Games
China’s slow stock rally gains investor trust
FBM KLCI poised for strong year-end
Super scheme blows the roof off

Others Also Read