The creation of the State Government 4 (SG4) by the Perikatan Nasional states of Kedah, Terengganu, Kelantan and Perlis is not intended to undermine the authority of the Federal Government, said Tun Dr Mahathir Mohamad after attending the SG4 Summit in Selangor on Monday (Sept 2).
The former prime minister and SG4 adviser said the formation of the investment company aims to ensure financial stability for the four states.
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The former prime minister and SG4 adviser said the formation of the investment company aims to ensure financial stability for the four states.
Read more at https://tinyurl.com/k6dfaydd
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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NewsTranscript
00:00Earlier, I explained the governance system and how important it is for us.
00:09If we don't know, we can ask for advice, we can ask other experts.
00:17So, mainly to explain how to have cooperation between these four countries
00:26and maybe we will form a company that has 25% of land
00:35and we will try to distribute all the results we get
00:42so that those who have a lot of land, even if they are far away,
00:47they can also get the results from the four countries.
00:54We have already started working together, but not officially.
00:58Today, we will make it official and we will inform the government officials
01:04how we hope we can work together.
01:09Maybe half of the government is concerned with the SD4 development
01:15as if they want to bring in other resources compared to the government itself.
01:21We are not waiting for other solutions.
01:25We want to wait for the development of these four countries
01:31so that we don't get the same wealth from other countries.
01:39We also want to develop these four countries so that we can benefit from the wealth of the country.
01:49The company that is to be established for these four countries,
01:53what is the main business that you suggest to venture into to generate income?
01:59We believe that the rare earth is a source of wealth.
02:05Rare earth does not mean that there is an equal share of the four countries.
02:11One country may have more than the other.
02:14So in this company, we distribute all the results equally.
02:29For more UN videos visit www.un.org