Malaysia’s king says he’ll take a 10% pay cut as citizens crowdfund $15 million to help pay off the nation’s staggering debt
|06/13/2018||Posted by BusinessMediaguide.Com under General World News||
- Malaysia’s king will take a 10% cut to his salary and emoluments to help the government pay off a $251 billion debt.
- The king made the decision after citizens crowdfunded more than $15 million towards the debt.
- Malaysia’s new government, elected last month, discovered the “staggering” debt after taking office.
- The former prime minister is suspected of being under investigation for financial scandals.
Malaysia’s king has offered to take a pay cut as the country grapples with a surprise national debt of $251 billion.
Yang di-Pertuan Agong XV Sultan Muhammad V said he will take a 10% cut to his salary and emoluments through read more >>>