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Author: Tan KW   |   Latest post: Thu, 23 May 2019, 2:29 PM

 

WSJ Exposé: China Offered To Bail Out 1MDB In Exchange For Deals

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The Morning Run Crew

08-Jan-19 10:46

The Morning Run crew gives you their take on today's business headlines:

00:56 - We discuss The Wall Stress Journal's latest expose the senior Chinese leaders had apparently offered to help bail out 1MDB in 2016 and in return, Malaysia offered lucrative stakes in railway and pipeline projects for China's One Belt, One Road program of building infrastructure abroad. This was according to minutes from a series of previously undisclosed meetings reviewed by The Wall Street Journal.

07:51 - The latest survey conducted by RAM Holdings Bhd and RAM Credit Information Sdn Bhd among businesses in the country has showed that, business confidence for the first half of the year has dropped to its lowest level since the index began tracking in 2017

 

Presented by: Joyce Goh, Julian Ng

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henry888 I opine "China offered to bail out 1MDB for deals – WSJ" is one side of the story by WSJ particularly China and USA are in Trade War now. It is difficult to prove that the deal is of politically motivated. On the surface, the construction of ECRL and the building of Sabah pipelines are of commercial basis. Even if WSJ's allegation is true, Malalysia are not in any better considering the longstanding trade and relationship with China. Hope that the issue can be resolved amicably and tactfully in a win win situation
09/01/2019 8:21 AM


 

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