One of the first things that Tengku Zafrul(pic) must do is to address the declining revenue from one of the country’s main revenue generators – oil – which is crashing to levels not seen in decades.
IT goes without saying that the pressure is on for ex-banker and now Finance Minister (FM) Tengku Datuk Zafrul Tengku Abdul Aziz (pic), who on his first day of office said that the focus is “on the immediate challenges ahead economically”.
Granted, while the onus is not completely on the FM to make things right and neither is it completely within his power to do so, observers say he must quickly set the pace and get down to work.
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