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Lim Guan Eng

Malaysia Expects Healthy Growth Rate Of 4.9% This Year

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Malaysia's economy continues to be strong and GDP is expected to expand a further 4.9 per cent in 2019 even with a decline in...
Malaysia launches free health care scheme for low-income earners

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The Malaysian government has announced a free national health insurance scheme for the low-income population group at an initial cost of two billion ringgit...
Malaysia halts property developments exclusively for foreigners

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The Malaysian government will no longer allow property developments and new townships solely aimed at foreign buyers in a bid to reduce “mindless foreign...
Malaysia expects to write off up to 70% of 1MDB losses

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Malaysia’s finance minister Lim Guan Eng said that authorities have reason to believe that up to 70 per cent of the misappropriated money from...
Malaysia axes Chinese-backed pipeline projects worth $3-billion

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The Malaysian government has finally decided to cancel three China-backed pipeline projects after halting work on them, The Financial Times wrote. The report said...
1MDB-linked land deal brings Malaysia’s central bank governor down

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Malaysian Prime Minister Mahathir Mohamad accepted on June 6 the resignation of the country’s central bank governor Muhammad Ibrahim which the latter offered on...
Malaysian taxpayers paid over $1.7 billion for 1MDB debt so far

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Malaysia’s finance ministry has used a total of 6.98 billion ringgit ($1.76 billion) in tax money since April 2017 to pay back accumulated debt of state...
Penang

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The tropical, ethnic-Chinese-majority state of Penang is experiencing a growth spurt in manufacturing as a result of Japan’s devastating earthquake and Thailand’s floods last...
Georgetown Penang Skyline

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Penang is the third largest economy among all states in Malaysia. Its focus on high-tech, services and tourism is attracting a large number of domestic and foreign investors, says Chief Minister Lim Guan Eng.