Peculiar - If you describe someone or something as peculiar, you think that they are strange or unusual, sometimes in an unpleasant way
Imperative - If it is imperative that something is done, that thing is extremely important and must be done
1MDB (1Malaysia Development Bhd) is a Government-owned strategic development fund that was set up about a year ago. In that sense, it's not a peculiar move. Ultimately, the Government is still the land owner. But that also means that it is not a risk-free proposition; the Government has merely transferred the land but not the risks involved in developing the land
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It recently closed a £1.5bil deal to pick-up Harrods, a retail empire with an outlet in Knightsbridge. Its massive financial muscle is backed by gas reserves in the tiny gulf state. The thing is that while QIA may be a strategic investor with really deep pockets, it is a real estate investor, not a property developer.
This makes it imperative for 1MDB to tie-up with an entity that does have the necessary expertise for this mammoth project, which it plans to do.
Source - The Star M'sia News
Dictionary - http://www.google.com/dictionary?sl=en&tl=en&q=peculiar
http://www.google.com/dictionary?sl=en&tl=en&q=imperative
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