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Tun Daim Zainuddin wields huge influence in both business and policies and his comments carry a lot of weight in terms of reading the tea leaves of the government’s thinking. Yesterday, the former finance minister and chairman of the Council of Eminent Persons (CEP) spoke about the political situation in Malaysia and today, he speaks business. Below are his thoughts to a series of questions raised by StarBiz.
KUALA LUMPUR: The Employees Provident Fund (EPF) and Permodalan Nasional Bhd (PNB) should not be classified as government-linked investment companies (GLICs) because their source of funds is money from their members and has nothing to do with the government.
A trip to watch cherry blossoms in Japan requires precision planning with loads of good luck. The unpredictability as to when the cherry tree will blossom in spring has made planning for the trip much more difficult, as the cherry blossom lasts for only two weeks in a year.
KUALA LUMPUR: The current re-negotiations on the East Coast Rail Link (ECRL) may see its construction price pegged at RM50mil to RM60mil per km as well as a commitment by the Chinese government to buy Malaysian palm oil and bring in projects, according to sources.
KUALA LUMPUR: There is expected to be more local participation in the revived East Coast Rail LInk project from the supply of material to awarding work to local beneficiaries, says Affin Hwang Capital research.
KUALA LUMPUR: A special division should be established to smoothen and facilitate investments for the East Coast Rail Link (ECRL) project from China and domestic sources, says Council of Eminent Persons (CEP) chairman Tun Daim Zainuddin.
EVEN at 88 years old, the world’s most successful value investor, Warren Buffett is unperturbed by who will succeed him as head of his company, Berkshire Hathaway.
KUALA LUMPUR: Neither Malaysia Rail Link Sdn Bhd (MRL) or the government have claimed the savings of RM21.5 billion for the improved East Coast Rail Link (ECRL) project was purely from an element of overpricing.