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The former prime minister predicts that it will be difficult to meet Bumiputera's agenda without an authoritative Mara Council, even though Mara's functions are split among several ministries.
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Former Prime Minister Najib Razak says that Mara is important to Bumiputera's agenda
SHAH ALAM: Mara's Council should continue to remain an authoritative entity even though the new government of Pakatan Harapan separates the functions of Mara. According to an old government organization, Khazanah Nasional, a possible reorganization of Mara was the subject of a reorganization following the resignation of former Prime Minister Najib Abdul Razak
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Najib said that it would be difficult to focus on programs involving the agenda of Bumiputera without an authoritative Mara Council.
"Nevertheless, we do not yet know what Pakatan Harapan's plan is, we will evaluate … but the Bumiputera's agenda should continue to be effectively fought," he said.
"Mara is a big conglomerate, with a lot of branches, and we think it's very important for the future of the Bumiputeras" Najib had been asked to comment on the information that the government had the # 39; intention to reorganize Mara by "isolation and absorption" of several ministries, such as the Ministry of Rural and Regional Development and the Ministry of the Interior.
On the government's plan to restructure its sovereign fund, Khazanah Nasional Bhd, following the resignations of its managing director and its members, Najib said that these positions were not filled with political figures.
Although the Khazanah board of directors was chaired by the prime minister, all decisions were guided by t Najib said that there was an executive committee chaired by the vice president of Khazanah Nasional and all his members were professionals who had extensive experience.
Najib said that Khazanah's assets amounted to only RM 33 billion when he took the presidency, but when he left the company, his assets climbed to nearly RM134 billion and his name was known internationally.
"Khazanah also has a Bumiputera agenda, for example to provide scholarships and provide a place for Technocrats Bumiputera to run businesses with large assets and also to enter international markets.
" Khazanah aims to increase the assets or wealth of the nation. So when Khazanah makes a profit, he declares dividends to the government and the government uses the funds to help people. "
Yesterday, Prime Minister Dr. Mahathir Mohamad reportedly declared the resignation of the director general and the board of directors, Khazanah Nasional's members would allow the government to restructure the company because the new administrative policy was different of the previous administration.
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