news

Cap on govt guarantee needed: AG

“My advice, as an auditor, is that on top of the 55% debt-to-GDP (gross domestic product) ceiling, we could add another 10 percentage points of ceiling for government guarantees to viable projects, and another five percentage points of ceiling for riskier debts from government-owned companies. Because currently, we have no limit to cap government guarantees.

READ MORE
news

Ku Nan ordered to enter defence in graft trial

Ku Nan is charged under Section 165 of the Penal Code which carries up to two years imprisonment or a fine or both, upon conviction for receiving a RM2 million bribe as a public officer, namely the Federal Territories Minister.

READ MORE