Malaysia struggles with toxic power assets – Consulus comments on 1MDB case

Jul 21, 2015 | English, Malaysia, Media, News & Updates

In comments to NewsBase on the case of 1MDB, Lawrence Chong, CEO of Consulus shared that the unsavoury allegations and huge debt accrued by 1MDB have also damaged the Malaysian government’s image, since it directly controls the asset fund. It has also weakened the economic climate in the country.

“With the investigation and media spotlight, the 1MDB brand is so toxic now that I don’t think any sensible investor or company will want to deal with them, so it makes sense for Tenaga Nasional to take over,” Chong added.

Full article is available here (Page 1 & 2).


Read next

Consulus Elects New Global Chairwoman: Sindavanh Manivong

Consulus Elects New Global Chairwoman: Sindavanh Manivong

Consulus Global Network has elected Ms Sindavanh Manivong, the Country Director of Consulus Laos as its next Global Chairwoman for the 1-year term from 2023 – 2024. The Global Chairwoman shall serve as the global spokesperson, focus on the relational dynamics of the entire network, and convene the global leadership team. The Chairwoman shall serve her role in unity with Lawrence Chong, Group CEO of Consulus.

Free sample Smart 4.0 Vietnam

Complete the form below to download the sample report

Consulus Vietnam

You have Successfully Subscribed!