Echoes of Maminco in Dr M-Anwar imbroglio

comments         Published     Updated

COMMENT The spot of contention between Dr Mahathir Mohamad and Anwar Ibrahim over whether the former prime minister had indeed taken loans from the World Bank during the period of the Asian financial crisis (1997-1998) is interesting in the way it is reminiscent of an episode at the tailend of the premiership of Hussein Onn.

The matter concerned Malaysia’s attempt to corner the tin market on the London exchange which resulted in the collapse of the price of the commodity in 1981, with consequent huge losses to the country’s exchequer.

It was called the Maminco Affair, details of which began to seep into the public domain a few years after the collapse of the price of tin, once a top-earning commodity to the country...

For the rest of this story and more, subscribe for only RM150 a year (full news access)
or RM420 a year (full news + full archive access). If you're already a subscriber, please sign in.

Sign in Subscribe now

Keep Malaysiakini independent!

Malaysiakini will be 18 this year. That we’ve survived this long is because of you.

Your support matters. A lot. Especially those who pay RM150 annually, RM288 biennially or RM388 triennially to keep Malaysiakini independent from government/opposition influence and corporate interests. Advertising alone will not keep Malaysiakini afloat.

Together, we’ve gone far. We’ve covered three prime ministers, four general elections, five Bersih rallies, and countless scandals. But the journey continues.

Help us deliver news and views that matter to Malaysians. Help us make a difference for Malaysia.

Support Malaysiakini

news and views that matter

Sign In