Malaysiakini News

Stay in core business, don't buy hotels, DPM tells FRIM

Kow Gah Chie  |  Published:  |  Modified:

Deputy Prime Minister Ahmad Zahid Hamidi today reminded FRIM Inc, the new investment arm of the Forest Research Institute of Malaysia (FRIM), to not deviate from its core business.

The firm, which was set up on Aug 4, 2017, should focus on commercialising forest research products, he said when officiating FRIM Inc at Kepong today.

"Do not over-diversify your business and do not venture beyond your core business.

"I do not want the company to set up hotels, resorts or buy hotels abroad when it should only maintain the forest. (I don't want) a company (entrusted) to raise livestock, purchase other assets instead," he said...

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