Khaz­anah keen to work with Grab in Jo­hor

New Straits Times - - Business -

KUALA LUMPUR: Khaz­anah Na­sional Bhd has ex­pressed an in­ter­est to work with trans­port startup Grab to alle­vi­ate traf­fic con­ges­tion be­tween Jo­hor Baru and Sin­ga­pore.

Khaz­anah man­ag­ing di­rec­tor Tan Sri Az­man Mokhtar said the traf­fic is­sue threat­ened to frus­trate fu­ture investment flow into Iskan­dar Malaysia un­less it was re­solved.

“We have at­tracted RM100 mil­lion investments in the re­gion over the past 10 years and can draw more, but we need to re­solve this, which is a source of frus­tra­tion,” he said dur­ing a panel dis­cus­sion at the Global Trans­for­ma­tion Fo­rum.

In an im­promptu move, he shook hands with Grab chief ex­ec­u­tive of­fi­cer Anthony Tan, say­ing de­tails would be worked out later.

“Let’s do this, since Grab is avail­able in both Jo­hor Baru and Sin­ga­pore,” he said.

Az­man also ap­pealed to pol­i­cy­mak­ers to re­move the decades-old con­ges­tion is­sue, which he said was due more to man­age­ment rather than too many cars and in­suf­fi­cient in­fra­struc­ture.

At least 100,000 Malaysians cross over to Sin­ga­pore daily.

Az­man said Khaz­anah had also in­vested in fi­nan­cial tech­nol­ogy through CIMB Bank and Bank Mua­malat.

Tan Sri Az­man Mokhtar

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.