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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Market, People

Tackle 1MDB affair urgently, Catholic bishops say

Posted on 01 September 2016

Malaysia’s Catholic bishops believe that critical issues affecting the country, such as the 1Malaysia Development Bhd (1MDB) affair, need to be resolved urgently. In its National Day message, the Catholic Bishops Conference of Malaysia admitted that while the country has advanced in many sectors, there are also issues that need to be addressed.
“These include the controversial National Security Council (NSC) Act, which is perceived as being contrary to democratic norms, the volatile financial situation with a high cost of living aggravated by excessive levies, retrenchment of workers, corruption and wastages and, particularly, the 1MDB affair………………………………………..Full Article: Source


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