KOTA TINGGI – Majlis Amanah Rakyat (Mara), through its investment wing, is now in the process of restructuring its business focus, said Rural Development Minister Datuk Abdul Latiff Ahmad.
He said this arrangement is to enable Mara Corp to be involved in other strategic businesses in order to help build its economic strength.
After all, Mara, he added has ventured into the field of aerospace – one of the avenues of strategic business that has not been explored by other Bumiputera companies.
“Mara is a large entity, experienced, and has trained staff. It has provided services in education, entrepreneurship, investment and human capital.
“But for business, we have Mara Corp and now, we just want to restructure the business focus so that Mara Corp can build its economic strength, especially in strategic businesses.
“This needs to be done because we cannot enter all branches of business, even if these are profitable. If it is not a strategic business, (then) we will give it to other Bumiputera companies.
“That is why Mara does not have a company in construction,” he said after attending the Mara Liner handover ceremony in Bandar Penawar, near here, today. – Bernama, October 5, 2020
