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Malaysia remains fragile despite China power deal

Wednesday, November 25, 2015 - 05:50
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Malaysia is getting another sovereign lifeline. State-owned China General Nuclear Power will buy the energy assets of troubled sovereign fund 1Malaysia Development Berhad (1MDB) for RM9.83 billion (S$3.3 billion).

Hong Kong

MALAYSIA is getting another sovereign lifeline. State-owned China General Nuclear Power will buy the energy assets of troubled sovereign fund 1Malaysia Development Berhad (1MDB) for RM9.83 billion (S$3.3 billion). That is a big step towards solving 1MDB's debt troubles. But it