Malaysia to Set Up Credit Institute In Two Months, Najib Says

By Monday March 23rd, 2009 No Comments

Malaysia’s government will set up a financial credit institute in two months, said Finance Minister Najib Razak.

The institute will have an initial capital of 1 billion ringgit and “once it is issued, we expect to raise 15 billion ringgit in bonds,” Najib told reporters today.

Source : Bloomberg

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