Dr Mahathir dismisses concerns SilTerra involved in 3rd national car


KUALA LUMPUR: Prime Minister Tun Dr Mahathir Mohamad has brushed off concerns of SilTerra Malaysia Sdn Bhd's potential involvement in the upcoming third national car project.

This was in response to MCA Deputy President Datuk Seri Dr Wee Ka Siong's statement, saying that Khazanah Nasional Bhd's wholly-owned subsidiary SilTerra as one of the possible partners for the project would cast doubts on the government's promise that public funds would not be used for the project.

“Khazanah is not government, it is a company and they are quite free to do business. If there is a company in Khazanah that is interested (to participate in the project), they can invest,” Dr Mahathir told a press conference after chairing Pakatan Harapan's Presidential Council meeting here, today.

SilTerra is a project of strategic national interest to promote front-end semiconductor manufacturing and a catalyst for high technology investments in Malaysia.

Since its inception in 1995, SilTerra has served many top-tier global fabless design and product companies covering the consumer electronics, communications and computing, and mobile device market segments.  On the idea of East Asia Aerospace Industry and whether Malaysia will participate in it, Dr Mahathir said Malaysia welcomed investments.

“We don't have knowledge or skill in making planes (but) we are already building parts of all the planes that are flying. The parts come from CTRM and other industries in Malaysia. So, we will encourage more investments in aerospace business.” - Bernama
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Next In Business News

'Roaring Kitty' acquires more shares in GameStop
FBM KLCI to move in tight range next week
Bank Islam CEO: Details on 5-year post-restructuring plan to be revealed Wednesday
Tropicana sells 1.85 million Top Glove shares at a loss
CPO futures likely to trend higher next week
Asian LNG spot prices rise as China replenishes inventories
US stops short of branding Vietnam, Switzerland, Taiwan currency manipulators
Oil price down but secures weekly gain on recovery hopes
GLOBAL MARKETS-World stocks at new peaks on strong China, US data
Food for thought

Stories You'll Enjoy


Vouchers