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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.
Former Prime Minister Najib Razak says Mara is important for Bumiputera's agenda
SHAH ALAM: Mara Council should continue to remain an authoritative entity even though the new Pakatan Harapan government divides the functions of Mara between several ministries. Minister Najib Abdul Razak Today
Possible reorganization of Mara has been mentioned in recent press reports
Another major government entity, Khazanah Nasional, may also be in the process of reorganization following resignation of its board of directors. 19659004] 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 information that the government had the # 39; intention to reorganize Mara by "isolation and absorption" through 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 wealth fund, Khazanah Nasional Bhd, following the resignations of its chief executive and its members, Najib said that these positions were not filled with political appointments.
Although Khazanah's governing council 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 manage businesses with large assets and also to enter international markets.
" Khazanah aims to increase assets or the wealth of the nation. So when Khazanah makes a profit, she 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.The members of Khazanah Nasional would allow the government to restructure the company because the new administrative policy was different
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