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...

Sign in


Welcome back,

Your subscription expires on
  

Your subscription will expire soon, kindly renew before
  

Your subscription is expired
  Click here to renew

You are not subscribed to any subscription package
  Click here to subscribe now

Any questions?
  Email: [email protected]
  Call: +603-777-00000

Renew