Shahrol distanced himself from the irregularities which he signed off as then-1MDB CEO — with the excuse that he relied on “legitimate law firms” like Wong & Partners, and “experts” such as Jho Low and his affiliate Casey Tang (then 1MDB executive director).
Goh and Loke said BNM is expected to remain patient before adjusting the OPR, despite further signs of weakness in global ecpnomic growth and as UOB projects a higher average headline inflation of 2.5% for Malaysia.
"I believe president Xi Jinping, who has been strict on corruption in China, doesn't want his flagship Belt Road Initiative to be mired in controversy," said Jomo.
The agreement was supposed to be inked by both parties during the visit scheduled on Sept 28, 2009, said Shahrol.
"As growth is anticipated to be slower, we think a contingency plan amounting to RM4 billion could be in the offing."
"The resolution approved an annual remuneration of RM120,000 to Najib as chairman of the board of advisers, and another RM96,000 as a member of that board."
"... SimeProp said the inclusion reinforced its sustainability credentials ..."
The management of the company received notification that the MoF Inc would like to perform an audit or due diligence on 1MDB.
"The last thing Malaysia needs to deal with is another illegal product boosting an already thriving black economy."
"FGV wishes to clarify that after checking with its board of directors and senior management, it is unaware of the proposals described in the article."
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