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Guan Eng’s trip to China to find middle ground on lopsided contracts’

  • Jun 20, 2018
Finance Minister Lim Guan Eng’s upcoming trip to China will be a fact-finding expedition, in terms of determining the reasoning behind the apparent lopsidedness of project agreements signed with the country.This was revealed by Bersatu policy and strategy chief Rais Hussin, who also said Putrajaya would seek to find “middle ground” with China on these agreements."A lot of these agreements are one-sided, so there must be some form of a middle ground. We want to find out why there is a highe
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Nothing wrong with Guan Eng exposing wrongdoings - Kit Siang

  • Jun 20, 2018
There is nothing wrong with Finance Minister Lim Guan Eng exposing the previous administration's corruption and wrongdoings, said Iskandar Puteri MP Lim Kit Siang. At a press conference today, the veteran DAP leader stressed the need for wrongdoings to be made public by Pakatan Harapan ministers who have the information. Kit Siang was asked to respond if he agreed with Harapan de facto leader Anwar Ibrahim's view that Guan Eng should refrain from such exposés and instead concentrate on as
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I told Anwar exposés were done on Dr M's instruction

  • Jun 19, 2018
Finance Minister Lim Guan Eng said today that his actions of revealing the previous administration’s financial scandals were done on the instruction of Prime Minister Dr Mahathir Mohamad.Lim was responding to de facto PKR leader Anwar Ibrahim, who said Lim's position was "sensitive," and suggested that he ask other ministers or the MACC to expose such scandals."This has been explained to Anwar, that the revelation of financial scandals involving 1MDB and other scandals in the media was done on
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Give us time to fulfil election promises, says Guan Eng

  • Jun 19, 2018
Lim Guan Eng says the government needs to stabilise its finances before it can implement the promises in its election manifesto.He says the government is still committed to fulfilling its election manifesto.CYBERJAYA: Finance Minister Lim Guan Eng today asked the people to give the government time, until the country’s financial situation improves, before it fulfils the promises in its election manifesto.He said Malaysia’s financial situation was not good as the government debt stood at RM1 t
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Govt to seek recovery of money from 1MDB-linked Goldman Sachs

  • Jun 15, 2018
Lim Guan Eng tells the New York Times that the process of claiming funds from Goldman Sachs ‘will take time’ and that the US DoJ has been ‘superb’.He says the process of making claims for some funds from the bank will take time as investigations into 1MDB are still going on.KUALA LUMPUR: The Malaysian government intends to seek restitution from Goldman Sachs over the 1MDB affair, Lim Guan Eng told the New York Times (NYT).“We intend to seek some claims from them,” the report quoted L
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Expect another scandal to be exposed, says Guan Eng

  • Jun 15, 2018
Finance Minister Lim Guan Eng says there is no personal vendetta against former prime minister Najib Razak.He blames former prime minister Najib Razak for the problems plaguing 1MDB.PETALING JAYA: Finance Minister Lim Guan Eng says another major scandal “related to the finance ministry” will be revealed soon.In an interview with Channel NewsAsia, he said his officers were expecting to uncover more scandals within the new government’s first 100 days in office.“So after that we can move on
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Guan Eng: Private sector to spur growth as govt diversifies revenue base

  • Jun 15, 2018
Finance Minister agrees there will be a funding gap with the scrapping of the GST but that the government is working to diversify its revenue base, cut wastage and get the private sector to spur growth.KUALA LUMPUR: Malaysia will bank on private sector investment to spur economic growth as the government tightens its purse strings to pay liabilities totaling over US$250 billion (RM993 billion), Finance Minister Lim Guan Eng told Reuters in an interview on Thursday.The country’s new government
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Malaysia to seek return of 1MDB money from banks, political parties

  • Jun 14, 2018
Finance Minister Lim Guan Eng says Malaysia will look at the conduct of banks involved in 1MDB transactions.He says the government will also scrutinise fees paid to Goldman Sachs.KUALA LUMPUR: Malaysia intends to recover all funds illicitly taken from 1MDB, and determine whether there are grounds for claims against companies, including Goldman Sachs, that profited from dealing with the beleaguered state fund.Finance Minister Lim Guan Eng told Reuters in an interview today that a plan was “on t
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US to monetise, return assets in 1MDB probe, says Guan Eng

  • Jun 12, 2018
The finance minister says he was told this by US ambassador to Malaysia, Kamala Shirin Lakhdhir.KUALA LUMPUR: The US ambassador to Malaysia has told Kuala Lumpur that assets seized by the US as part of its probe into 1MDB will be monetised and returned to Malaysia, Finance Minister Lim Guan Eng said today.Lim made the comment on Twitter following a meeting with Kamala Shirin Lakhdhir, the US ambassador to Malaysia.“She reassured me that assets seized from 1MDB will be monetised and returned to
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Guan Eng shoots down Najib's claim of US$2 trillion China imports

  • Jun 11, 2018
Finance Minister Lim Guan Eng has refuted a claim from former prime minister Najib Abdul Razak that China had committed to importing goods worth US$2 trillion from Malaysia over the next five years. Najib had said that the imports were promised when an MOU for two contentious multibillion ringgit pipeline projects was signed with the country. According to Lim, however, his checks with treasury officials and the chief secretary to the government on these imports have turned up no evidence o
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