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Author: savemalaysia   |   Latest post: Mon, 11 Nov 2019, 6:17 PM


Khazanah needs comprehensive plan for non-performing companies, Azmin says

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KUALA LUMPUR, March 11 — Khazanah Nasional Bhd must have a comprehensive plan to revive non-performing companies under its management to ensure better returns at end-2019, said Economic Affairs Minister Datuk Seri Mohamed Azmin Ali.

He said the management must look into the matter and overcome the problems faced by poor-earning companies — a necessary business decision to save the sovereign wealth fund.

“I’m sure they have met and discussed (about it). Firstly, they have to identify which companies are not performing, then decide their future, as to whether to consolidate or sell.

“But, the decision must be made at the management level as soon as possible, for better returns at end-2019,” he said when met by reporters at the Parliament lobby here today. — Bernama


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