The 1MDB saga

Change of Malaysian govt helped head off full-blown economic crisis: Daim Zainuddin

Problems inherited from previous govt range from alleged abuse of public funds to oversized projects

Tun Dr Mahathir Mohamad speaking at an election rally in Melaka on May 4. Also present at the rally were Pakatan Harapan leaders and former Cabinet ministers, including Tun Daim Zainuddin (right).
Tun Dr Mahathir Mohamad speaking at an election rally in Melaka on May 4. Also present at the rally were Pakatan Harapan leaders and former Cabinet ministers, including Tun Daim Zainuddin (right).ST PHOTO: KUA CHEE SIONG

KUALA LUMPUR • Almost every night since Malaysia's May 9 General Election, two of the country's most powerful men sit down for about two hours after dinner to discuss how best to deal with the never-ending stream of business scams, one-sided deals and potential financial time bombs inherited from the previous government.

Prime Minister Mahathir Mohamad will be 93 next month and chief economic troubleshooter Daim Zainuddin turned 80 in April, and this marks the third time both men are coming together since the mid-1980s to nurse a limping national economy.

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A version of this article appeared in the print edition of The Sunday Times on June 03, 2018, with the headline 'Change of govt helped head off full-blown economic crisis: Daim'. Subscribe