There are many others that are unable to meet their obligations and they were all previously under Ministry of Finance Inc (MoF). Towards this end, the government has now placed many of the funds under the Energy, Science, Technology, Environment and Climate Change Ministry, led by Yeo Bee Yin(pic).
PETALING JAYA: The government is likely to reorganise the various funds that were set up to venture into businesses related to the new economy, following their below par performance.
This came about after it was discovered that some of the funds were not able to pay back the amounts due to the government, even after many years of restructuring efforts.
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