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KUALA LUMPUR: Tun Daim Zainuddin, who served twice as finance minister during Tun Dr Mahathir Mohamad’s administration, broke his silence on 1Malaysia Development Bhd (1MDB), saying the Federal Government owned fund should not keep its money overseas.
KUALA LUMPUR: The chairman of the Council of Eminent Persons (CEP) Tun Daim Zainuddin wants to complete the task mandated to him and the council before the first 100 days of the new government and leave.
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.
KUALA LUMPUR: Talks on Malaysia's proposed East Coast Rail Link (ECRL) project are still on going with the Chinese counterpart and Malaysia needs a little bit more time to address the issue, says Council of Eminent Persons Chairman Tun Daim Zainuddin.
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.
PETALING JAYA: What Tun Daim Zainuddin (pic) has to say about the stock market certainly perks up the ears of investors, traders and regulators, and he is now suggesting a combination of short-term and medium-term measures that can lift the interest and vibrancy of Malaysia’s capital markets.