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Asia Sentinel’s headline on June 2, 2009, raised concerns about Malaysia’s Terengganu state government’s plan to borrow RM10 billion for a sovereign wealth fund, sparking worries about the country’s long-term financial stability. The fund was deemed suspect, with potential risks and unclear benefits, leading to calls for caution and federal intervention to mitigate potential economic consequences. The article highlighted the need for vigilance and transparency in managing state investments to safeguard Malaysia’s financial health.
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