World Economy

Malaysia to Repay Debt

Malaysia to Repay DebtMalaysia to Repay Debt

Malaysia’s new central bank governor said he was confident the government would honor all its debt obligations, as a deadline loomed on Wednesday for troubled state fund 1MDB to make a coupon payment on a $1.75 billion bond, Reuters reported. Muhammad Ibrahim, formerly a deputy governor at Bank Negara, took over the stewardship of the central bank at the start of this month following the retirement of his predecessor, Zeti Akhtar Aziz. 1Malaysia Development Berhad has to make a payment on a $1.75 billion bond on Wednesday, but there was no indication yet on whether it would be paid.