‘Mara must be authority’

  • Nation
  • Sunday, 29 Jul 2018

SHAH ALAM: Majlis Amanah Rakyat (Mara) should continue to remain an authoritative entity, Datuk Seri Najib Tun Abdul Razak said.

The former prime minister said if Mara’s function was divided among several ministries, it would be difficult to focus on implementing programmes that involve the bumiputra agenda.

“Nevertheless, we do not know yet what Pakatan Harapan’s plan is.

“We will evaluate, but the agenda of the bumiputra should continue to be fought effectively,” he told repor­ters in Bandar Setia Alam here yesterday.

Najib was asked to comment on the Government’s plan to revamp Mara’s main activities through the concept of “isolation and absorption” under several ministries, including the Rural and Regional Development Ministry and the Entrepreneur Development Ministry.

On the Government’s efforts to restructure Khazanah Nasional Bhd following the resignation of its mana­ging director and board members, Najib stressed that all these posts did not involve political appointments.

Although the board of directors of the national fund company was chaired by the Prime Minister, all decisions were guided by the advice given by the board and management, he said.

There was also an exco chaired by Khazanah Nasional’s deputy chairman and all its members were professionals with vast experience, he said.

According to Najib, Khazanah’s assets were only RM33bil when he took over, but surged to almost RM134bil with its name known internationally when he left the company.

“Khazanah also has a bumiputra agenda to provide scholarships and place for bumiputra technocrats to manage companies with big assets.

“Khazanah aims to increase the nation’s assets or wealth.

“When Khazanah gets profits, it declares dividends to the Government and the Government uses the fund to help the people,” he said.

Prime Minister Tun Dr Mahathir Mohamad was reported to have said the resignation of the managing director and board members of Khazanah Nasional would allow the Government to restructure the company as the new administrative policy was different from the previous administration. — Bernama

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