Why is the PM hanging on to it? Abdullah Badawi has handed over the Finance Minister's post to his deputy, but he is not letting Najib head Khazanah, the investment arm of the Government. Why is that so? Why did the Prime Minister create a Khazanah Deputy Chairman post for Najib, instead?
These are just some of the questions the corporate guys are asking following last week's portfolio swap. Suspicious lot, but they do have basis to wonder. The share capital of Khazanah, incorporated in 1993, is owned by the Min of Finance Inc. , after all. And it has stakes in more than 50 companies with assets valued at more than US$20 billion.
These include in Telekom Malaysia Berhad, Tenaga Nasional Berhad, CIMB Group, Proton Holdings Berhad, PLUS Expressways Berhad, Malaysian Airline System Berhad, and Malaysia Airports Holdings Berhad, to name a few.
That's an awful lot for a Defence Minister to be concerned about ...
Click here for Khazanah's investment holding structure.