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1MDB should have been rolling in the black with some RM12bn in land revaluation gains; instead it finds itself pouring money into a black hole of borrowings incurred to finance goodness-knows-what.

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In all my years of observing politics, whether local or foreign, I have never before come across an administration that so frequently warns of the possibility of having to pay “(hundreds of) millions in compensation” to developers or landlords. To me, this mantra seems to be a favourite fall-back position (to browbeat critics into silence?).

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Graphic: The Star

The Penang Forum steering committee has just released this:

The chief minister of Penang recently used the accident on the first Penang bridge to justify his proposed RM27bn transport masterplan. This is disingenuous; it is like arguing that more highways are needed because of traffic jams caused by accidents on the North-South highway.