Prathab V | 03 Aug 2018 00:30
In politics, the power and influence you command in government comes with the post you hold.

Thus, there was envy when DAP secretary-general Lim Guan Eng was appointed to the powerful Minister of Finance (MoF) post under the new Pakatan Harapan (PH) government. Weeks later, it was announced that PKR deputy president Datuk Seri Azmin Ali would be Minister of Economic Affairs (MEA), a newly created cabinet post.

Soon, it became apparent that the MEA too would be powerful as some agencies currently under the ambit of the Prime Minister’s Department would be placed under it. They include the Economic Planning Unit (EPU), Felda and Lembaga Tabung Haji (LTH).

But it didn’t end there. However, Azmin has denied that the powerful Khazanah Nasional Bhd, the government’s investment arm which controls a slew of large listed companies, will be placed under MEA. Instead, Azmin confirms that Khazanah and Petronas will be moved from the MoF and placed under the Prime Minister’s Department. However, it isn’t clear if Permodalan Nasional Bhd (PNB), another Bumiputera-focused government-linked investment company (GLIC), will be moved from the MoF to the MEA.

Interestingly, Azmin was appointed to the Khazanah board while Lim was not. When asked if Lim should also be appointed to Khazanah’s board, Azmin said it is merely a provocative suggestion by the opposition.

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