Mr Daim Zainuddin served as Malaysia's Finance Minister from 1984 to 1991 and from 1999 to 2001. The businessman-turned-politician served as finance minister from 1984 to 1991 and from 1999 to 2001 under former prime minister Mahathir Mohamad. He was known as the latter’s right-hand man.
“I lost a friend who fought with me for the nation and religion,” Dr Mahathir posted on social media, saying he was “immeasurably saddened”. “The government acknowledges his contributions to the country, especially when he served as the Finance Minister,” Mr Anwar said in a brief post on social media from Peru, where he is attending the APEC summit.
Mr Daim helped Malaysia’s economy recover from turmoil in the mid-1980s, restoring it from negative growth of 1.03 per cent in 1985 to 9.06 per cent in 1989, news agency Bernama reported. Home Minister Saifuddin Nasution Ismail said in a post on X that Daim was “one of the prominent leaders that had made significant contributions to the nation”.
United Malays National Organisation politicians who acknowledged Daim’s contributions included Deputy Prime Minister Ahmad Zahid Hamidi and law and institutional reform minister Azalina Othman Said.Malaysia’s former ruling party of which Daim was treasurer between 1984 and 2001. Opposition leader Hamzah Zainudin told reporters at Daim’s residence: “He was an architect of the country’s economy, so much so that at one time Malaysia was known as an Asian tiger.”
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