Fixing nation's economy key to PH staying in power: Lim

Malaysian Finance Minister Lim Guan Eng has given his ministry up to mid-August - to "clear through" questionable deals entered into by the previous government.
Malaysian Finance Minister Lim Guan Eng has given his ministry up to mid-August - to "clear through" questionable deals entered into by the previous government. PHOTO: REUTERS

KUALA LUMPUR • Malaysia's new Finance Minister has set several milestones for fixing the country's economy, and these must be achieved, he said, if the fledgling Pakatan Harapan (PH) government hopes to remain in power beyond a single term.

Mr Lim Guan Eng has given his ministry 100 days - up to mid-August - to "clear through" questionable deals entered into by the previous government that have saddled the Treasury with RM1.1 trillion (S$336 billion) in debt, far in excess of the RM685 billion debt declared by former premier Najib Razak.

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A version of this article appeared in the print edition of The Sunday Times on July 08, 2018, with the headline 'Fixing nation's economy key to PH staying in power: Lim'. Print Edition | Subscribe