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.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 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

Banks still well-buffered despite cooling deposits
Malaysia-US trade ties stay strong
Gaming machine demand to bolster RGB earnings
Foreign luxury apparel brands see China sales surge
Vincent Tan cuts Berjaya stake worth RM115mil
Indonesia tourism growth driven by foreign visitors
AirAsia X resolves Philippine airport dispute
Malaysia Airports maps out RM11bil capex
Tariff risks push Vietnam to post record deficit
Data centres generate wider economic spillovers

Others Also Read