1MDB shouldn't keep funds overseas: Daim
Nexus between business and politics is inevitable and won't go away soon, he tells business conference
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Kuala Lumpur
DAIM Zainuddin, who served twice as finance minister during Mahathir Mohamad's 22-year administration, has said government-owned fund 1Malaysia Development Bhd (1MDB) should not keep money overseas, according to Malaysian daily The Star.
"The fear by most people is that this is too secretive. The board should come out and explain. Why money should be put in Cayman Islands?" he asked.
Share with us your feedback on BT's products and services
TRENDING NOW
Japan stocks look set for new highs in 2025 on earnings, reform
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
