PKR’s Fahmi Fadzil urges govt to save people, not private companies following proposed UEM-EcoWorld merger | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 86%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

PKR’s Fahmi Fadzil urges govt to save people, not private companies following proposed UEM-EcoWorld merger

Lembah Pantai MP Fahmi Fadzil speaks to Malay Mail in Bangsar September 29, 2020. — Picture by Hari Anggara

UEM Sunrise is the flagship property arm of UEM Group Berhad and sovereign wealth fund Khazanah Nasional Berhad.“In light of the current economic situation which has yet to recover and 745,000 job losses as of July 2020, the government through Khazanah Nasional need not rush and should reconsider the viability of the merger.

“If this continues, it is impossible for Khazanah to be seen as a ‘saviour’ to EcoWorld when they are forced to inject large amounts of funds, while we are reminded that the real estate market for the upcoming years is set to be weakened,” he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

You need to safe the company, so they can offer job to people lah.

eddydaud Why is he ranting ? He is supposed to be the Government tomorrow ? Right ? Waiting to be saved

Sila meninggal

You don't save the company , how to save the people?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UEM Group, Sunrise and Eco World stay tight-lipped as merger talk draws criticism | Malay MailKUALA LUMPUR, Oct 9 — The proposed merger between UEM Sunrise and Eco World has courted controversy as opponents are reading it as yet another attempt to bail out a beleaguered company. Critics of the Perikatan Nasional government have taken to social media to accuse UEM Group, UEM Sunrise’s... Khazanah u hv money to bail private entity ecoworld but u shy away to save MAS our national pride? Shame on you and MOF. When bad men combine, the good must associate else they will fall one by one, an unpitied sacrifice in a contemptible struggle.' By- Edmund Burke We have allowed the system to be so corrupted that many want justice to be 'empathetic,' not blind. by- - Glenn Beck
Source: malaymail - 🏆 1. / 86 Read more »

Senator urges govt to review UEM Sunrise-Eco World merger planMany parties see the merger as a 'bailout' to rescue Eco World, says Amanah's Raja Kamarul Bahrin. Wow Tan Sri Liew build only to sell? He sold SP Setia earlier
Source: malaysiakini - 🏆 20. / 51 Read more »

Govt must rethink UEM Sunrise-EcoWorld merger, says Raja BahrinFormer deputy housing minister says the proposed deal raises many questions, including how it will be detrimental to UEM Sunrise and Khazanah, and benefit EcoWorld. FMTNews UEMSunrise EcoWorld Taikun maa kena lah bail out. Cronies use rakyat fund to bail out tycoon bad debt company and in exchange cronies get benefits from them too...😅 They are not stupid okie.. SP Setia Reloaded
Source: fmtoday - 🏆 5. / 72 Read more »

UEM Sunrise-EcoWorld merger a bailout, says AmanahDzulkefly Ahmad says it is regrettable that Khazanah Nasional has decided to provide such financial assistance. FMTNews UEMSunrise EcoWorld Salam DrDzul what financial assistance and taxpayers money are you talking about here? expected better and more substantiated arguments from someone like you than just this papagomo level criticism
Source: fmtoday - 🏆 5. / 72 Read more »