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KUALA LUMPUR : The resignation of all members of the board of directors of Khazanah Nasional Bhd should not have any impact on the local stock market because Bursa Malaysia is mainly influenced by the regional stock exchanges, said Hermana Capital Bhd. "In fact, the effect is relatively unobtrusive: up to now, we do not see any large fluctuation in stock prices of the companies in which Khazanah has invested, including CIMB Bank Bhd and Axiata Group Bhd," he said. says Bernama .
Nazar Khan stated that Khazanah, Permodalan Nasional Bhd and Petronas would probably be placed under the direction of the Prime Minister's Office instead of the newly formed Ministry of Economic Affairs "
" It is only a matter of 39, a restructuring and a step forward to improve the governance and feasibility of the three companies under the new business model.
In addition, it is also one of the ways to eliminate political appointments in government-related corporations (GLCs) as outlined by Prime Minister Dr. Dr Mahathir Mohamad ", a- he said.
Commenting Inter-Pacific Securities Statistics Sdn Bhd Foreign net outflows on Bursa Malaysia amounted to RM437.1 million from Monday to Thursday compared to RM247.1's net foreign sale million a week earlier, Nazri Khan said that it was mainly due to losses in oil and gas stocks mainly affected by tensions Meanwhile, the assistant professor of management of the Asia School of Business, the Dr. Renato Lima de Oliveira, said that a series of resignations and changes in the GLC would give the new government more leeway to pursue its political priorities and manifesto.
"There are many good flight with the current government, with the historic alternation of power of Malaysia, and Pakatan Harapan (PH) will have the ability to form his leadership team.
"However, it is important to emphasize that one of the key points of the accession to power of the PH was to strengthen the institutions of the country."
"It is important in the long run to strengthen GLC governance and protect," said de Oliveira, also a member of the Institute for Democracy and Economic Affairs.
However, if the government changed the vision of how the GLCs should work, which is a complex issue, he said that he had to develop a vision and engage society through public hearings, forums or debates According to the information gathered, he must hire the right people to deal with the tasks at hand, he added.
"Ideally, recruit (the right people) through a system such an independent research committee that verifies that positions are filled "From 1945 to 008] De Oliveira said that Malaysia is getting closer to the holding of competitive elections involving the change of government, it would not be useful to 39; have key positions of the state are changing hands whenever there was a change of government. that the GLCs should be protected against political changes and pressures to allow them to focus more on the implementation of the political priorities of the government in power.
On Friday, Mahathir said that the resignation of Khazanah ector Tan Sri Azman Mokhtar and the rest of the board of directors would allow the government to restructure the sovereign wealth fund accordingly.
Their resignation would be "to erase the bridge to allow the government to restructure it" in accordance with the policies of the new administration. he said, adding that the government was not on a witch hunt.
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