Malaysia's new Cabinet held its first meeting yesterday, two weeks after the May 9 polls that brought Prime Minister Mahathir Mohamad back into the same government complex that he left 15 years ago.
The 14-member Cabinet got down to work right away by looking at how to pare costs after recently announcing that government debts left by the previous administration totalled RM1 trillion (S$338 billion).
Each minister will take a 10 per cent salary cut, and nine agencies will be shuttered.
The government is expected to make a decision "very soon" on mega projects such as the Kuala Lumpur to Singapore high-speed rail, said Tun Dr Mahathir.
Meanwhile, investigators said cash seized from apartments linked to former premier Najib Razak totalled RM120 million. They have yet to tally up the gold and jewellery.