Tengku Zafrul defends BlackRock’s involvement in MAHB

Free Malaysia Today

The investment, trade and industry minister questions where the line should be drawn, citing that the US company also has a stake in Apple.  Read More: https://www.freemalaysiatoday.com/category/nation/2024/06/02/tengku-zafrul-defends-blackrocks-involvement-in-mahb/  Laporan Lanjut: https://www.freemalaysiatoday.com/category/bahasa/tempatan/2024/06/02/tengku-zafrul-pertahan-pembabitan-blackrock-dalam-mahb/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #TengkuZafrul #BlackRock #MAHB

Transcript

00:00 [MUSIC PLAYING]

00:03 Investment Trade and Industry Minister,

00:05 Tengku Zafarul Aziz, has defended the government's decision

00:08 to allow BlackRock's wholly owned subsidiary, Global Infrastructure

00:12 Partners, to own shares in Malaysia Airport's Ho Nings Berhad.

00:17 GIP and the Abu Dhabi Investment Authority

00:20 will own 30% of the equity, while Kazana National Berhad and EPF

00:25 will own the remaining 70%.

00:27 The news was not received well, as critics

00:30 accused BlackRock of profiteering from genocide

00:33 through its stakes in US defense companies, which allegedly

00:37 manufacture weapons used by Israel.

00:40 However, Tengku Zafarul today stressed

00:42 that BlackRock is a listed company that

00:45 is not owned by Israelis.

00:47 He pointed out that sovereign wealth funds from Abu Dhabi,

00:50 Kuwait, Saudi Arabia, and Qatar also have stakes

00:54 in BlackRock's shareholding.

00:56 He also highlighted that BlackRock

00:58 is one of the largest shareholders of Apple,

01:01 WhatsApp, and Facebook.

01:03 He said it is important for the government

01:05 to explain the merits of the deal, which

01:07 he thought they had done.

01:10 (upbeat music)

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Transcript

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