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More government assets could be unlocked via new listings on the KL Stock Exchange and reduction of some of its large holdings in companies such as Tenaga Nasional Bhd and Telekom Malaysia Bhd as well as banks.
Prime Minister Datuk Seri Dr Mahathir Mohamad has directed all government agencies, companies and statutory bodies to record every single transaction that they make for easy monitoring. He said recordings must be done immediately after any transaction involving government funds so that the Government would be aware of what was happening on the ground at all times.
StarBiz Editor Wong Sulong comments on the Prime Minister's way of managing the economy so far.
Tan Sri Nor Mohamed Yakcop, who becomes the new Second Finance Minister, is a highly-regarded professional.
The Government will spend another RM10bil over the next 18 months on development projects and motorists are likely to pay higher prices for petrol to meet part of the increase.
The additional RM10bil that the Government will spend over the next 18 months on development projects will be financed through local sources, Prime Minister Datuk Seri Abdullah Ahmad Badawi said.