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Flourishing FDI worsens 1MDB debt burden, Rafizi refutes Noh

The flurry of foreign direct investment (FDI) in Malaysia is mostly due to 1MDB, and this is not good news for the country, Pandan MP Rafizi Ramli said today.

FDI through 1MDB projects could see the state investment fund's debt burden extended to 50 or 60 years, instead of the existing 20 years, said the PKR secretary-general.

Rafizi was refuting federal minister Noh Omar's claim yesterday that the influx of FDI in Malaysia showed the 1MDB fiasco was a thing of the past.

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