KUALA LUMPUR: Malaysia will have to pay about RM50bil of beleaguered state fund 1Malaysia Development Bhd’s dues, finance minister Lim Guan Eng told reporters on Friday. Last week, Lim said the government had guaranteed RM38bil of 1MDB’s debt at the end of 2017. “If you look at the loans that we have to pay, we are looking at ballpark number RM50bil. The sum of RM50bil included interest and repayment of debts, he added. It is reviewing all the country’s large projects, and has decided to ax a high-speed rail link between the capital, Kuala Lumpur, and neighboring Singapore.

Source: The Star June 01, 2018 14:03 UTC