Bank Negara Malaysia
Wikipedia ↗Chapters that mention this person or place (2)
BNM Forex Scandal: The Money We Lost
Maminco, BNM Forex, and Perwaja —— Three Public Losses, Three Dilemmas of Accountability
Bank Negara's forex losses, the Maminco tin market intervention, and the Perwaja steel project are often lumped into the same "scandal list." This piece unpacks the accounts one by one: what was a failed investment, what was a governance failure, and what was never proven as a crime in court.
How Did the Asian Financial Crisis Hit Malaysia?
When the tide of prosperity receded, exchange rates exposed debts and the cracks between the Prime Minister and his deputy
Before the fall of the Thai baht, Anwar had transformed from a youth leader brought into UMNO by Mahathir into a designated successor with his own party machinery. As the ringgit, stock market, and corporate debts successively came under pressure, disagreements over economic directions, corporate bailouts, and succession timing became entangled, ultimately leading to Anwar's expulsion from the cabinet in September 1998.