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Malaysia's Defence Minister on US Call for Increased Spending
Politik
1.6.2026KI-Zusammenfassung

Malaysia's Defence Minister on US Call for Increased Spending

Malaysia's Defence Minister Mohamed Khaled Nordin stated that while the US has the right to ask allies to increase defence expenditure, Malaysia, as a developing economy, faces limitations. His comments followed US Defence Secretary Pete Hegseth's call for Asian allies to raise military spending to 3.5% of GDP to counter China's military build-up. Malaysia's 2026 budget allocated 21.74 billion ringgit for defence.

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SCMP Economy
1 Min. Lesezeit
Malaysia unveils recovered 1MDB masterpieces for the first time
NACHRICHT
6.5.2026

Malaysia unveils recovered 1MDB masterpieces for the first time

Four paintings linked to one of the world’s most audacious financial frauds stood on easels at Malaysia’s anti-corruption headquarters on Wednesday: a Picasso, a Miro, a Balthus and an Ultrillo – all allegedly bought with money stolen from the Malaysian people. The unveiling of the works at the Malaysian Anti-Corruption Commission’s (MACC) headquarters in Putrajaya marked the first public showing of artworks recovered from the multibillion-dollar Malaysia Development Berhad (1MDB) scandal since...

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SCMP Economy