money

The Prime Minister said the move by the government to offer several subsidiaries of the Ministry of Finance Inc to private companies is in line with its role as a business facilitator and not as a business entity.

Datuk Seri Najib Tun Razak, who is the Finance Minister, said the government was now identifying the subsidiaries involved which would be offered through open bidding.

He was speaking to reporters after opening the "Digital Pekan 1Malaysia" today.

Also present were Menteri Besar Datuk Seri Adnan Yaakob and Information Communication and Culture Minister Datuk Seri Dr Rais Yatim.

Najib was asked to comment on the statement by Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah yesterday that the government planned to transfer some of the MOF Inc-owned companies to private companies to boost private sector investment.

Najib said: "It's not because the government has no money. Most of these companies are handled by the government, which, in principle, is a business facilitator and not directly involved in the activity." -- Bernama