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Chinese Foreign Minister Wang Yi poses for a photograph with Sri Lanka's Prime Minister Mahinda Rajapaksa during their bilateral meeting in Colombo, Sri Lanka, January 9,2022.

REUTERS/Dinuka Liyanawatte

The looming pandemic debt cliff

Right on the buzzer, Sri Lanka on Tuesday narrowly avoided its first-ever sovereign debt default. But the cash-strapped country is still on the hook for a lot more cash this year, which is shaping up to be a very painful one for low-income countries deep in the red due to COVID.

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Malaysia's 1MDB state fund still $11b in debt: Govt report

November 07, 2020 5:00 AM

KUALA LUMPUR • 1Malaysia Development Berhad (1MDB), the state fund at the centre of a massive corruption scandal, still had an estimated RM32.3 billion (S$10.5 billion) in outstanding debt as of September, the government said yesterday.

Mahathir: KL may sell more govt assets

April 05, 2019 5:00 AM

KUALA LUMPUR • Malaysia does not rule out the possibility of selling more assets - including land - to keep its national debt at a manageable level, Prime Minister Mahathir Mohamad said yesterday.

Malaysia set to bail out Felda, another debt-laden agency

March 29, 2019 5:00 AM

Malaysia looks set to bail out yet another beleaguered government agency.

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