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 edges up as softer US yields weigh on greenback�
Global trade finance gap at US$2.5 trillion as global trade tensions rise, ADB says
FBM KLCI hovers above 1,700 support
Former army chief Zamrose resigns as Boustead Heavy Industries director
Trading ideas: Sunview, TNB, Capital A, Keyfield, TRC, Rexit, Pestec, AirAsia X, Hibiscus, Selangor Dredging, BHIC, Globetronics
Oil reverses gains after Trump eases worries over Iran
Wall Street ends lower, led by drop in Nasdaq
Czech ammunition-maker CSG plans Amsterdam IPO
Sunview Group in RM19mil fundraise
SupportLine

Others Also Read