PERDANA LIBRARY PERDANA LEADERSHIP FOUNDATION NEWSPAPER CLIPPING

Newspaper Malaysian Reserve

Date 3 November 2015

ments into the country. up in the past five years. I who were initially scheduled In his reply, Najib said the The investment firm is cur- for questioning. DESPITE the issues surround- latest data indicated that for- rently stepping up efforts to "We will call Arul Kanda, ing lMalaysia Development eign investors have confidence hive off its assets, namely Datuk Shahrol Azral- Ibrahim Bhd (1MDB), foreign invest- in the strong local economy as power-generation plants and Halmi and Mohd Hazem Abd ments into are on the reflected in foreign direct land, to ease its tight cashflow Rahman," Hasan told a press uptrend and for the long-term investments that totalled problem conference after chairing his as investors are buying into the RM22.4 billion in the first-half Meanwhile, the Parliament's first PAC meeting yesterday. country's economic growth of 2015 (1H15), versus RM17.5 Public Accounts Committee Arul Kanda Kandasamy is prospects, Prime Minister billion registered during the (PAC) will restart its inquiry on lMDB's current CEO while Datuk Seri Mohd 2H14. 1MDB by calling up its current Shahrol was his immediate said. The Malaysian Investment and former chief executives predecessor. Mohd Hazem "They (foreign investors) Development Authority has soon. was one of the state-owned take a holistic approach to approved investments worth Newly appointed PAC chair- firm's MDs as well as CEO. view Malaysia including the RM113.5 billion for the 1H15, man Datuk Hasan Arifin said When asked if the PAC strong macroeconomic fun- compared to RM112 billion the probe will resume, but did would also call Low Taek Jho damentals like low unem- recorded in the corresponding not specify when, based on the or , Hasan said he does ployment rate, high national period in 2014. arrangements made by the not yet intend to do so as Low savings, adequate foreign "The 1MDB corporate com- previous PAC which was sus- is more of a "personality" reserves and manageable munications unit and media pended after the committee's rather than a key witness on federal debt," Najib said in a response team from the gov- previous head and four mem- the 1MDB issue. written parliamentary reply ernment are working dosely to bers resigned to take up Cabi- "He is a person that we to Kulim-Bandar Baru MP be more proactive to handle net positions. should cali but not immedi- Datuk Abdul Aziz Sheikh the forthcoming challenges," "We have studied and dis- ately," Hasan said. Fadzir. he said. cussed the framework put in The PAC had been due to He had asked the finance 1MDB has come under pub- place by the former PAC chair- question lMDB's Arul Kanda minister how the 1MDB issue lic scrutiny mainly because of man and we will continue the and Shahrol on Aug 4 and 5 was affecting foreign invest- its RM42 billion debts racked proceeding by calling those respectively.