Federation of Malaysia

Second finance minister, Datuk Dr. Jamaluddin Jarjis, discusses the macro outlook for Malaysia.
Has the financial restructuring started by the Prime Minister Dato’ Mahathir Mohamad been completed If not, what is left to achieve

We have made significant progress in financial restructuring since the Asian financial crisis. The closure of the Corporate Debt Restructuring Committee CDRC, a voluntary platform for the workout of corporate debts in August 2002, marked an important milestone in financial and corporate restructuring efforts initiated since 1998. During its four years of operations, CDRC had successfully resolved 48 cases with debts worth M$52.6 billion. Danaharta, an asset management company, ceased to acquire NPLs from the financial sector in 2001, and has since dealt with all NPLS totalling M$47.8 billion under...

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