KUALA LUMPUR, June 6 — Losses posted by some government firms have pushed Barisan Nasional (BN) lawmakers to use the next parliament session tomorrow to urge Putrajaya to stop the practice of putting retired civil servants in those companies.
The move comes in the wake of massive losses faced by Pos Malaysia Berhad and Sime Darby Bhd, the government linked companies (GLC) mainly owned by asset managers Khazanah Nasional Berhad and Permodalan Nasional Berhad respectively.
“I will personally raise this issue. I feel the government should not appoint retired senior civil servants if they are not committed or unable to carry out their tasks,” BN Back Benchers Club (BNBBC) deputy chairman Datuk Bung Moktar Radin to The Malaysian Insider today.
The BNBBC will also ask Prime Minister Datuk Seri Najib Razak to explain the losses in both companies which have totalled between RM200 million and RM1.6 billion, as he is also the Finance Minister.
The losses at both GLCs are expected to dominate the debate in Parliament between tomorrow and when the session ends on July 13.
“If they are not interested they should not be forced to take positions as directors especially in large companies like Sime Darby,” said the Kinabatangan MP.
Among members of the board in Sime Darby include former deputy prime minister Tun Musa Hitam, former chief secretaries Tan Sri Ahmad Sarji Abdul Hamid and Tan Sri Samsudin Osman and former Education director-general Tan Sri Dr Wan Mohd Zahid Mohd Noordin.
The board in Pos Malayisa include Tan Sri Dr Aseh Che Mat and Puan Sri Nazariah Mohd Khalid.
Bung Moktar said he believe the lack of commitment by members of the board in both GLCs caused the financial losses.
Bung Moktar said he would also urge the Najib administration to revise the appointment criteria to the board of directors at GLCs.
On Thursday, the government will table the 10th Malaysia Plan while the New Economic Model is expected to be debated.
Financial losses in the GLCs rocked the country’s share market when it was revealed recently.
Last week, Parliament’s Public Accounts Committee announced they would haul up the management of both companies to explain the losses.
Sime Darby reportedly suffered losses amounting to more than RM1.7 billion.
Its chief executive officer Datuk Seri Ahmad Zubir Murshid, whose contract was to end in November, has been asked to go on leave.
Last month Deputy Finance Minister Datuk Dr Awang Adek Hussein told Parliament that Pos Malaysia has incurred losses over past three years amounting to RM227 million
The move comes in the wake of massive losses faced by Pos Malaysia Berhad and Sime Darby Bhd, the government linked companies (GLC) mainly owned by asset managers Khazanah Nasional Berhad and Permodalan Nasional Berhad respectively.
“I will personally raise this issue. I feel the government should not appoint retired senior civil servants if they are not committed or unable to carry out their tasks,” BN Back Benchers Club (BNBBC) deputy chairman Datuk Bung Moktar Radin to The Malaysian Insider today.
The BNBBC will also ask Prime Minister Datuk Seri Najib Razak to explain the losses in both companies which have totalled between RM200 million and RM1.6 billion, as he is also the Finance Minister.
The losses at both GLCs are expected to dominate the debate in Parliament between tomorrow and when the session ends on July 13.
“If they are not interested they should not be forced to take positions as directors especially in large companies like Sime Darby,” said the Kinabatangan MP.
Among members of the board in Sime Darby include former deputy prime minister Tun Musa Hitam, former chief secretaries Tan Sri Ahmad Sarji Abdul Hamid and Tan Sri Samsudin Osman and former Education director-general Tan Sri Dr Wan Mohd Zahid Mohd Noordin.
The board in Pos Malayisa include Tan Sri Dr Aseh Che Mat and Puan Sri Nazariah Mohd Khalid.
Bung Moktar said he believe the lack of commitment by members of the board in both GLCs caused the financial losses.
Bung Moktar said he would also urge the Najib administration to revise the appointment criteria to the board of directors at GLCs.
On Thursday, the government will table the 10th Malaysia Plan while the New Economic Model is expected to be debated.
Financial losses in the GLCs rocked the country’s share market when it was revealed recently.
Last week, Parliament’s Public Accounts Committee announced they would haul up the management of both companies to explain the losses.
Sime Darby reportedly suffered losses amounting to more than RM1.7 billion.
Its chief executive officer Datuk Seri Ahmad Zubir Murshid, whose contract was to end in November, has been asked to go on leave.
Last month Deputy Finance Minister Datuk Dr Awang Adek Hussein told Parliament that Pos Malaysia has incurred losses over past three years amounting to RM227 million
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