KUALA LUMPUR The Malaysian government is considering whether to shut, sell or refinance national carrier Malaysia Airlines (MAS), Prime Minister Mahathir Mohamad said yesterday. The government was studying options for MAS and a decision should be made 'soon', Dr Mahathir...
The fund added that it was waiting for MAS to present a review of its business strategy.
Dr Mahathir also said that the government is looking into the feasibility of privatising parts of the"bloated" public sector. He said the civil service, which now counts 1.7 million employees compared to 1 million in 2003, is a drain on the government's coffers. "The size of the civil service has grown too big and become worrisome for a long time as it continues to increase the government's financial burden and at the same time, reduces the allocation for development purposes," he was quoted as saying in Parliament by The Star.
Citing the example of Telekom Malaysia , which was corporatised in 1987, Dr Mahathir said privatisation would save the jobs of civil servants."At the same time, the employees received better salary packages.The Prime Minister said if the situation was not controlled, the high cost of management expenditure will continue to take a big chunk from the national budget each year and will slow down economic growth.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PAS wants Mahathir to sack minister Lim Guan Eng over 'war' commentPUTRAJAYA: Parti Islam Se-Malaysia (PAS) wants Prime Minister Mahathir Mohamad to sack Finance Minister Lim Guan Eng from his Cabinet for describing the recently concluded Umno-PAS pact as a declaration of war against non-Malays. PAS secretary-general...
Read more »
Malaysia to decide fate of Malaysia Airlines 'soon', PM saysThe Malaysian government is considering whether to shut, sell or refinance national carrier Malaysia Airlines (MAB), Prime Minister Mahathir Mohamad said on Tuesday. The government was studying options for the national carrier, and a decision should be made “soon”, Mahathir said, when asked about analysts
Read more »
Malaysia considering shut down or sale of Malaysia Airlines: PM MahathirThe Malaysian government is considering whether to shut, sell or refinance national carrier Malaysia Airlines, Prime Minister Mahathir Mohamad ...
Read more »
After years of bleeding money, aviation industry analysts are saying it’s time to shut down or sell off Malaysia AirlinesMalaysia Airlines, what was once a symbol of our country's prestige among the world's best airlines is now a burden of a national carrier, having been unable to turn a profit since it was taken private in 2014. In fact, in the words of industry analysts, MAS has been 'bleeding' money
Read more »
Gender balance in STEM an issue of concernDISRUPTIVE technologies are challenging entrenched notions of work, reinventing jobs and creating opportunities and demands for new skills. Will this change create a gender-balanced workplace or could more formidable barriers emerge? The call-to-action for this year's International Women's Day (IWD 2019) is to push for a gender-balanced workplace, hence its theme BalanceForBetter. Read more at The Business Times.
Read more »
Hyflux amends scheme terms to ‘balance’ interests of small investorsSINGAPORE: Hyflux on Friday (Mar 8) said it would be making amendments to the terms of its restructuring plan to “balance the competing legal and ...
Read more »
The capital balancing actCAPITAL versus labour, businesses versus employees, the push and pull of classic capitalism. How does Singapore fare in this debate, and how well does it reward both sides? Brunch this Saturday in The Business Times Weekend looks at how Singapore's tax policies and incentives stack up. Read more at The Business Times.
Read more »
Tough to get ‘balance right’ when pricing HDB flats in central areas: Lawrence WongSINGAPORE — It is difficult to get the “balance right” when it comes to pricing public housing flats, particularly for those located close to the city centre, as the Government has to weigh between pricing them to market value and keeping housing affordable, said National Development Minister
Read more »
Prodigy singer Keith Flint died from hanging, investigations reveal
Read more »