The Finance Ministry, which fully owns 1Malaysia Development Berhad (1MDB), wil table a roadmap for the troubled sovereign development fund to the Cabinet tomorrow, with the aim of proposing solutions to 1MDB’s problems in the short term.
Second Finance Minister Ahmad Husni Hanadzlah said the roadmap would enable 1MDB to better tackle “negative perceptions” on the company’s performance.
“We must strengthen the 1MDB restructuring, matching its businesses with the financing made,” he said, as quoted by The Malaysian Insider.
“Once it is done, it will be all right.”
Prime Minister Najib Razak also serves as Finance Minister, and the chair of 1MDB’s board of advisers. His approval ratings have been hit hard after numerous allegations of mismanagement in 1MDB’s operations surfaced, culminating in a series of attacks by former PM Dr Mahathir Mohamad, which persist to this day.
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