The Forest City will be the first in the country to provide a 0% tax on family wealth offices, as an incentive measure to attract more businesses, financial institutions and high net worth individuals globally. Francis Hutchinson, senior fellow and coordinator of the Malaysia Studies Programme, ISEAS-Yusof Ishak Institute joins us to help understand the significance of this.

Other stories we covered today:

· Kids rescued from the GISBH homes are at risk of statelessness, after police explained that some of the children carried the "bin Abdullah" surname which indicates that they were born out of wedlock. Meanwhile, some of the GISBH members' marriage had never been officially registered. We speak to Maalini Ramalo, Director of Social Protection with the Development of Human Resources for Rural Areas on this.

· Kedah is experiencing another round of floods, with over 6,700 people affected. Dr Ahmad Yusuf Yahaya, the Chief Coordinator of IMARET, gives us some updates from the ground about the situation.

· Singapore’s former transport minister S Iswaran had pled guilty to five charges, after the prosecution amended the two corruption charges with a lesser one, and reduced the charges from 35 to five. We unpack this with James Gomez, the director of Asia Centre.

· Last week, the ringgit climbed to a 30-month high of 4.1815 against the US dollar to end the week as the world’s top-performing currency. Wong Chin Yoong, a professor of economics at the Universiti Tunku Abdul Rahman weighs in on this.

Image Credit: Sebastian Castelier, Shutterstock

Produced by: Alena Nadia, Tee Shiao Eek, Alia Zefri, Sharaad Kuttan

Presented by: Lee Chwi Lynn, Sharaad Kuttan

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Categories:  economy,  politics,  government,  international,  environment,  controversies

Tags:  forest city,  GISBH,  tax,  singapore politics,  statelessness,  corruption,  s iswaran former transport minister singapore,  ringgit,