NST. | Deputy Prime Minister Datuk Seri Mohd Najib Tun Razak has given the assurance that the RM5 billion increase in allocation for Valuecap Sdn Bhd will not be used to bail out politically connected individuals or government-linked companies.Ye kan aje .... wakakakak
“I wish to give a categorical assurance that Valuecap will be used for value investing and will not be used to bail out anyone,” Najib, who is also Finance Minister, said at the 13th Malaysian Capital Market summit here.
He said Valuecap would be professionally and ethically managed with no political interference in its investment decisions.
Najib also said the creation of an Asia Monetary Fund could help the region deal with the current global financial crisis as it would help out countries with short term balance of payments and liquidity problems.
“I would just like to float the idea once again (and) let’s see the response from the other countries on it.” ..read more.
Valuecap will not be used to bail out politically connected individuals or GLCs, says Najib
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