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10.05.2021 / 13:55

Malaysia's 1MDB, former unit file suits to recover $23 bln

KUALA LUMPUR – Malaysia's finance ministry said Monday that sovereign wealth fund 1MDB and a former subsidiary have filed 22 lawsuits to recover assets worth over $23 billion from various institutions and individuals.

Najib Razak Malaysia city Kuala Lumpur Government

Malaysia plans extra $4.8 billion for special COVID-19 fund

Malaysia's government plans to add a further 20 billion ringgit ($4.84 billion) to a new fund to deal with the coronavirus pandemic, Finance Minister Tengku Zafrul Abdul Aziz said on Friday.The move will increase the size of the COVID-19 fund to 65 billion ringgit to fund aid packages, the needs of frontline workers, and the procurement of vaccines, Tengku Zafrul said as he presented the 2021 budget.The budget is the first by the administration of Prime Minister Muhyiddin Yassin, who took over in March just as the pandemic took hold.The premier also faces the challenge of securing enough support for the budget when it comes up for a vote in parliament on Nov.

Malaysia covid-19 pandemic Government Coronavirus

COVID-19

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

Detail statistic

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