Najib asks investors to move past 1MDB as economy strengthens
He blasts main opposition alliance as a party "in chaos", accuses it of sabotaging the economy
Kuala Lumpur
MALAYSIAN Prime Minister Najib Razak on Tuesday urged investors to move past the 1MDB issues that have weighed on South-east Asia's third-largest economy, saying the country is now "stronger than ever".
The call comes a day after the International Monetary Fund upgraded its 2017 growth forecast for Malaysia to 4.8 per cent from 4.5 per cent, following better-than-expected first-quarter annual growth of 5.6 per cent, the quickest in two years.
Mr Najib has resisted demands to step down over the 1MDB saga, following reports that more than US$700 million …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Blinken to meet businesses in Shanghai as he kicks off a tough China trip
Indonesia’s central bank surprises with ‘pre-emptive’ rate hike to cushion falling rupiah
South Korea’s economic growth beats forecast as exports rise
China 2024 growth outlook raised to 4.8%, deflation risk lingers
Luxury sector outlook clouded by China’s slow recovery
‘We aren’t going anywhere’: TikTok CEO expects to defeat US restrictions