Malaysia Central Bank Governor Says Public Deserves Answers Over 1MDB

Malaysia Central Bank Governor Says Public Deserves Answers Over 1MDB photo Malaysia Central Bank Governor Says Public Deserves Answers Over 1MDB

KINIBIZ Bank Negara Malaysia governor Zeti Akhtar Aziz said at panel discussion that the public have a right to know results of various investigations.



Zeti added that the markets were looking forward to the USA rate hike but the window of opportunity has closed for now.

“China is taking rebalancing activities in order to make its economy sustainable and if China did not undertake this restructuring, we would be more vulnerable in the future”, said Zeti.

The Ringgit – the worst-performing Asian currency this year – has been hit by falling oil prices as well as increased instability in the domestic and global environment.

“For BNM, we’ve looked at contraventions to approvals we gave specifically to 1MDB and these investigations are completed and handed over to AGC”, she added, referring to the Attorney-General’s Chambers.

“We do not need another scandal”.

“Since 2010, we have recommended that (under the Government Transformation Programme) that there must be transparency in all political donations”.

Pemandu chief executive officer Datuk Seri Idris Jala said the 1MDB and RM2.6 billion issues have not affected the confidence of investors.

However, she also claimed that ongoing probes into the financial situation of 1MDB – Prime Minister Najib Razak’s brainchild – will resolve the uncertainty.

“All these investigations are ongoing, and they’re going to yield an outcome”.

The inter-governmental policymaking body, she said, has been assessing numerous countries over the years including Malaysia, which has seen the country do “quite well” in the assessment.

It was trading at 4.2460 Monday.

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