Malaysia

MoF mulls meeting between DNB, MPs on 5G roll-out

Deputy Finance Minister Yameni Hafez Musa assures Bumiputera vendors a priority

Updated 4 years ago · Published on 15 Dec 2021 12:26PM

MoF mulls meeting between DNB, MPs on 5G roll-out
In the Dewan Rakyat today, Deputy Finance Minister Yameni Hafez Musa says the ministry may consider a consultation process between DNB with all parliamentarians to put to rest concerns or questions they may have. – SAIRIEN NAFIS/The Vibes pic, December 15, 2021

by Arjun Mohanakrishnan

KUALA LUMPUR – The Finance Ministry is considering a consultation process between Digital Nasional Bhd (DNB) with all parliamentarians, allowing lawmakers to finally put to rest any concerns or questions they may have.

During question time, Deputy Finance Minister Yameni Hafez Musa (Sipitang-Bersatu) had to counter accusations of secrecy with regards to DNB’s role in the 5G roll-out at the Dewan Rakyat today.

Among the accusations, included those from Datuk Seri Anwar Ibrahim who attempted to draw parallels between 1MDB and DNB due to the lack of transparency.

“If the deputy minister says the expected expenditure is RM12.5 billion, but there may be extra costs needed later, those are answers for special committee meetings.

“In Parliament, we want a definitive answer. I don’t believe the RM12.5 billion expenditure claims, as this is merely placing a low value to not shock the people.

“Why is the Finance Ministry scared to reveal the information?” Anwar asked.

As Hafez attempted to explain that parallels should not be drawn between 1MDB and DNB due to the fact the latter appointed Ernst & Young via open tender to frame the company’s future tender processes.

Fahmi Fadzil (Lembah Pantai-PH) reminded the lower house that professional financial firm Goldman Sachs was involved in 1MDB as well.

“Goldman was appointed directly to fundraise bonds. For DNB, we did it via open tender, there’s a big difference.

“Maybe we will do a consultation with all MPs for DNB to give a better explanation to answer any questions, and dispel any worries,” Hafez told the Dewan Rakyat today.

He further explained that although the initial costs for the 5G roll-out were projected at RM11 billion, Hafez said a further RM1.5 billion was needed, thus bringing the projected expenditure to RM12.5 billion.

Additionally, the deputy minister assured that Bumiputera vendors are a priority for the ministry and would benefit from the roll-out.

“DNB together with Ericsson has framed a usage plan for the 5G network that uses readily available network infrastructure and maximise contract work from local vendors particularly Bumiputeras.

“From the RM12.5 billion projected expenditure, 61% is expected to benefit Bumiputera, 24% to benefit other Malaysians, while the remaining 15% would benefit foreign interests,” Hafez added. – The Vibes, December 15, 2021

Related News

Opinion / 1y

Two tales by  two ministers over DNB

Malaysia / 2y

Govt exempts MSMEs earning below RM150,000 annually from e-invoicing

Malaysia / 2y

Spanco chairman pleads not guilty to charge of cheating Finance Ministry

Malaysia / 2y

Anwar won’t host Hari Raya open house to save money

Business / 3y

5G: mobile network operators expected to sign SSA with DNB this month

Business / 3y

Tabung Haji to begin talks with MoF on return of assets

Spotlight

Education

Schools to get extra holidays for Deepavali

Malaysia

Getting angry at your wife for buying items online is a form of abuse, says minister

Malaysia

Man posing as Selangor crown prince’s aide arrested over RM960,020 scam

Malaysia

Dr Mahathir leaves late wife’s tahlil ceremony after feeling unwell

Malaysia

Chegubard jailed four months for defaming King

Malaysia

Court to hear Najib’s bid to revive RM1.9m suit against former AG on Nov 26

Malaysia

Malaysia climbs to 15th in global competitiveness rankings

Education

MOE: Close to 49,000 Year One pupils failed to master basic literacy and numeracy in 2025

You may be interested

Malaysia

Two men charged over dragging dog behind motorcycle in Penang

Malaysia

Anwar rebukes those who brand fellow Muslims as hypocrites, apostates

Malaysia

2,097 police personnel arrested for drugs, robbery and corruption since 2021

By Alfian Z.M. Tahir

Malaysia

Penang DUN to start tomorrow: Chow to table his last state budget as CM?

By Ian McIntyre

Malaysia

MCA, MIC, nothing more than irrelevant lapdogs?

Malaysia

MOF: Unsubsidised diesel rises 20 sen to RM5.27 a litre

Malaysia

Wild boar collision leaves driver trapped and unconscious in Hulu Selangor

Malaysia

MPs to seek AI fraud safeguards, figures on Malaysians held abroad over drugs