Bumiputera equity holdings in strategic companies are protected

KUALA LUMPUR -- Khazanah Nasional Bhd's new management will ensure the strategic investment fund's Bumiputera equity holdings in strategic companies are protected and expanded through government engagement, said Economic Affairs Minister Datuk Seri Azmin Ali.

Its equity holdings had been diluted of late, resulting in a reduction in Khazanah's stakes in strategic firms, including utilities such as Tenaga Nasional Bhd and Telekom Malay

sia Bhd, he said when winding up the debate on the motion of thanks for the Yang diPertuan Agong's Royal Address on his ministry's behalf in the Dewan Rakyat.

Azmin, who was recently appointed as a Khazanah Director, said the policy to empower Bumiputeras would be continued and strengthened in view of the low equity ownership level based on the socio-economic indicators, with equity ownership in the corporate sector still below 30 per cent.

He said this was in line with the original aim for setting up Khazanah, including controlling government's strategic assets such as utility firms.

Replying to Datuk Seri Mustapa Mohamed's (BN-Jeli) question on the status of Majlis Amanah Rakyat, the Bumiputera Agenda Steering Unit (Teraju) dan Ekuiti Nasional Bhd (Ekuinas), Azmin said Teraju's role, along with those of other Bumiputera development organisations such as the Bumiputera Investment Foundation and Ekuinas, would be reassessed and streamlined to ensure a more effective management and the original goals were achieved.

“The proposed way of doing business for Bumiputeras will be enhanced and improved to be more holistic and comprehensive so that Bumiputera involvement will remain significant for their economic development,” he explained.

He added that his ministry was also identifying potential growth areas to be focused on as well as the assistance and forms of strategic cooperation that could be established to support the Bumiputera Economic Empowerment Agenda.

Comments

Proton SUV open for booking at RM1,000

KUALA LUMPUR -- National car maker, Proton Holdings Bhd, is adopting an alphanumerical naming system for its future models beginning with the X70, its first sport utility vehicle (SUV). Sales and Marketing Vice-President Abdul Rashid Musa said the letter X is synonymous with crossover or SUV vehicles, while the number 70 denoted the size or class of the SUV and would enable Proton to adopt a logical system to add bigger or smaller models in the future. “This is the first time an alphanumerical naming system is used on a Proton model as our research shows it will make it easier to sell in ASEAN and other international markets, as there are no language barriers to overcome,” he told reporters at the preview of the new SUV. Proton Chief Executive Officer Dr Li Chunrong said Proton's adoption of the new naming system would make customer more focus on the brand name as compared with the model name. Abdul Rashid, who is also the Chief Executive Officer o...

Mahkamah meriah dengan tahanan reman lindungi rumah urut

PUTRAJAYA -- Mahkamah Majistret di sini “meriah” susulan prosiding reman beramai-ramai melibatkan 14 individu termasuk tujuh penjawat awam berkaitan dakwaan memberi dan menerima wang sogokan bagi melindungi premis urut di Kuala Lumpur. Tujuh penjawat awam terbabit ialah tiga anggota polis termasuk seorang ketua balai, seorang pegawai bomba dan tiga petugas Dewan Bandaraya Kuala Lumpur. Mereka berserta tiga lagi orang awam yang disyaki berperanan sebagai ‘runner’ atau utusan dibawa ke mahkamah itu pada kira-kira 10 pagi menaiki bas Suruhanjaya Pencegahan Rasuah Malaysia (SPRM), menyusuli empat lagi individu dipercayai pemilik premis yang tiba di mahkamah itu kira-kira sejam sebelumnya, menaiki van SPRM. Prosiding reman terhadap kesemua mereka tamat pada kira-kira pukul 1.30 tengah hari denga...

Hujan lebat di Kelantan dijangka berlanjutan ke Januari

KOTA BHARU -- Jabatan Meteorologi Kelantan menjangkakan episod hujan lebat berkemungkinan akan berlanjutan ke bulan Januari tahun hadapan di negeri ini. Pengarahnya Rabiah Zakaria berkata ia berikutan Kelantan masih dipengaruhi Monsun Timur Laut pada bulan berkenaan. "Jabatan Meteorologi Malaysia sebelum ini menjangkakan akan berlaku empat hingga enam episod hujan lebat sepanjang Monsun Timur Laut pada tahun ini dengan purata jumlah hujan antara 440 milimeter (mm) hingga 690mm bagi bulan Disember ini di Kelantan," katanya ketika dihubungi Bernama di sini, hari ini. Rabiah berkata setakat ini empat episod hujan lebat telah berlaku di pantai timur termasuklah yang sedang berlaku sekarang. Beliau berkata pemantauan masih lagi diteruskan dari semasa ke semasa bagi menentukan kemungkinan tersebut kerana bulan Disember belum berakhir. "Jika ramalan itu berlaku, ia sedikit sebanyak mungkin akan memberi kesan kepada persediaan untuk sesi persekolahan baharu tahun ...

Paper Buruk

Search This Blog