Daim: Malaysia Malays don’t know how to do business anymore

[Runifyouhaveto]

Daim: Malaysia Malays don’t know how to do business anymore
http://www.themalaymailonline.com/malaysia/article/daim-malays-dont-know-how-to-do-business-anymore

In an interview with Malay daily Berita Harian, Daim, who was Anwar’s predecessor in the Finance Ministry, accused the latter of using the approach of giving away company shares, which he said had enriched the former deputy prime minister’s allies.

“So Malays at that time thought it was easy to get rich and that they didn’t have to get into business,” Daim was quoted as saying in the interview published today.

“Look at the Iskandar development, Penang and a few other places. Don’t talk about the Chinese, even Malaysians as a whole can’t afford to buy property because they cost millions of ringgit,” he said

 

[Runifyouhaveto]

“The government is not good at doing business. The government just knows how to rule. So why are they giving money for this and that? What does the government know about business?” Daim questioned.

 

[Runifyouhaveto]

Daim also said the prime minister should not hold the finance portfolio because running the country’s economy was a complex and time-consuming job.

“The prime minister should be ruling the country and giving a vision, while the finance minister does the work. If there are lots of problems and if we slip up even just a little, the country will be ruined. Look at Argentina. It used to be rich, but look at it now,” he said.

Historically, the Malaysian prime minister did not used to hold the finance portfolio, but Tun Dr Mahathir Mohamad took up the post in 1998 after sacking Anwar, after which his successors Tun Abdullah Ahmad Badawi and Datuk Seri Najib Razak, the current prime minister, continued the trend of being finance minister.

 

[syed putra]

“The government is not good at doing business. The government just knows how to rule. So why are they giving money for this and that? What does the government know about business?” Daim questioned.

State and federal formed funds are buying worthless assets are a premium. If you have a business, I suggest you approach one of these funds. It will make a good headline for the manager if he buys a sinkie company, even if its worthless. hongkies had already obtained billions managing federal formed funds, 1MDB. these hngkies can disappear and all that money is gone. Another george tan BMF type scam.

 

[king_of_abalone]

American negroes will say "Daaaaaim! That's some profound shit, nigga!"

 

[yinyang]

It's a given with myys, bred on patronage business :p