Malaysia's 1MDB should change communications tack
OPAQUE or non-transparent state-owned funds in Malaysia are so 1990s. Then, many of Malaysia's deep-pocketed state-linked funds were shrouded in relative secrecy and slammed for their lack of transparency.
Post Asian financial crisis and a sweeping reform of Malaysia Inc in the early 2000s, their boards and top management were revamped. With that, there was a promise of better governance. To a great extent, much has improved.
But the country's five-year-old sovereign wealth fund (SWF),…
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