Malaysia floods caused nearly $1.5 bln in losses

Aerial view shows vehicles and buildings inundated by floods in Shah Alam's Taman Sri Muda, one of the worst hit neighbourhoods in Selangor state, Malaysia, on Dec 21, 2021. (Photo: Reuters)

KUALA LUMPUR: Floods that had devastated much of Malaysia in recent weeks have caused an estimated 6.1 billion ringgit (US$1.46 billion) in overall losses, a government report said on Friday.

Dozens of people died while more than 120,000 were displaced after unusually heavy rain caused severe flooding in multiple states in mid-December and early January.