Positive discussion on monopoly of rice importing


PETALING JAYA: Datuk Seri Anwar Ibrahim revealed that he has spoken to tycoon Tan Sri Syed Mokhtar Al-Bukhary to clarify that the monopoly of rice importing in the country was not a concession of any kind, and was originally awarded to Padiberas Nasional Bhd (Bernas) and not to any individual.

In a press conference held after a special cabinet meeting, Anwar said Syed Mokhtar had purchased 31% of Bernas’s shares from Tan Sri Tan Boon Seng for RM800mil, and from a company owned by former Federal Territories minister Tan Sri Shahidan Kassim for RM400mil.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Beaches on borrowed time
The price of paradise�
The cost of leasehold properties
Water is a Saudi tycoon’s best friend
Keeping pace
Emerging market bonds resilient
Banks in a battle�
Grid charges temper RE euphoria
Axe for 20-year bonds?�
Fair play for local businesses

Others Also Read