Mindef akan berunding dengan MoF mencari jalan keluar kemelut LTAT

Free Malaysia Today

Menteri Pertahanan, Mohamad Hassan memaklumkan di Dewan Rakyat Kementerian Pertahanan akan mengadakan perbincangan dengan Kementerian Kewangan untuk mencari jalan keluar kemelut LTAT.  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: http://bit.ly/2Rn6xEV Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on Twitter: http://bit.ly/2OCwH8a  Follow FMT on Instagram: https://bit.ly/2OKJbc6 Follow FMT on TikTok : https://bit.ly/3cpbWKK Follow FMT Telegram - https://bit.ly/2VUfOrv Follow FMT LinkedIn - https://bit.ly/3B1e8lN Follow FMT Lifestyle on Instagram: https://bit.ly/39dBDbe ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #BeritaFMT #MohamadHassan #WanAhmadFayhsal #Mindef #MoF #LTAT

Transcript

00:00 I, as a young man in the parliament, feel sympathetic to the Prime Minister

00:05 because he has to bear the legacy issues of political abuse and rampant mismanagement in the LTAT.

00:12 So, Prime Minister, how long are we going to tolerate this?

00:17 In the future, I am ashamed as a Malay,

00:20 a company that cares for the interests of Malay people,

00:23 that causes problems for Malay people, that manages Malay people,

00:26 and then sells it to the Chinese.

00:29 Where is our dignity?

00:30 Is there no Malay company that can do it?

00:33 We have PNB, Saim Darby, Tradewinds offers too.

00:36 But why are they rejected?

00:38 I need an explanation from the Prime Minister on this matter.

00:42 The Honourable Prime Minister, Masa Surat Tamat, Zilla Gulung.

00:45 I have to answer first.

00:47 He...

00:50 He has not yet reached the stage of being a Minister.

00:57 [Laughter]

01:02 Unfortunately, Mr President, unfortunately, Mr President, I only have one body.

01:10 Actually, to answer, the difference has been opened for two or three months.

01:16 Saim Darby, Tabor Ngaji, Tradewinds, FGV, all of them have been invited.

01:23 There are 15 invitations to the parties behind the field.

01:30 Unfortunately, many do not want to participate.

01:34 And some are participating, Tradewinds is participating,

01:38 but their offer is very low.

01:42 And we, not us, the Bosted party, as a company,

01:48 they will evaluate the high bidder.

01:51 This is because they need 800 million this year

01:56 and need 1.7 billion to be ready to pay Islamic medium note.

02:05 So it is necessary.

02:07 But the Ministry, I will consult with the Finance Minister.

02:13 The best way for us to manage this phase,

02:16 the phase where Bosted needs funds to pay debts,

02:25 because if this is not done, Mr President,

02:28 the problem will be the LTAT.

02:32 If Bosted falls into a moflis,

02:35 because the LTAT has put more than 50% of its investment in one basket,

02:42 namely in Bosted.

02:44 This is not a good thing,

02:46 because the LTAT is a deposit fund,

02:50 it is not a fund or a strategic company to hold assets.

02:55 If it is a deposit fund, it cannot hold more than 15%.

03:01 It must have liquid assets.

03:03 But the current LTAT liquid assets are not up to 20%.

03:07 If anything happens, the LTAT will be a problem.

03:11 So what we want to do is to unlock the value of the assets.

03:18 How?

03:19 Let Bosted do it first.

03:21 After Bosted does it, we will consider the best way,

03:25 to take the best views for us,

03:29 what was said by the respected colleagues earlier.

03:33 We will take this view.

03:35 And I, Mr President,

03:38 am in consultation with the MOF.

03:40 The best way for us to get out of this dilemma,

03:45 is first, to ensure that the flow of Bosted's assets can be repaired,

03:54 and can pay a good dividend to the LTAT.

03:59 We do this, from the paper I read,

04:01 is for the benefit of the LTAT.

04:04 Because when this is done,

04:07 Bosted will be able to repay a large amount of investment

04:11 that was made in Bosted to the LTAT,

04:14 and the LTAT will get more than 60% of their liquid assets.

04:20 This is a certainty for the taxpayers.

04:27 There must be more liquid assets.

04:29 Now it's not up to 20%.

04:31 And we will ensure that after this,

04:35 the LTAT will no longer invest a large amount,

04:39 up to 56% of its investment in one sector,

04:45 which is Bosted.

04:46 This is dangerous, for real.

04:47 But rest assured,

04:49 we will consult, I am in consultation,

04:51 the Ministry is in consultation,

04:54 with the Ministry of Finance,

04:56 and we will be the best way

04:58 to solve the Bosted problem,

05:03 so that at the same time,

05:05 we will not be left behind by the LTAT.

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Transcript

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