Guan Eng: 'Incompetent' PN raiding trust fund when it's cheaper to borrow

DAP secretary-general Lim Guan Eng today accused the Perikatan Nasional-led government of incompetence and irresponsibility after the government used emergency powers to utilise the National Trust Fund (Kwan) for vaccine procurement.

In a statement today, Lim, a former finance minister, warned that Kwan was meant as a strategic cash reserve with RM17.4 billion in assets as of end-2018 based on the fund's latest publicly available financial accounts...