Tycoon Kuok attends council meeting

Tycoon Robert Kuok with former finance minister Daim Zainuddin at a meeting of the Council of Eminent Persons, which advises the PH government on economic and financial matters.
Tycoon Robert Kuok with former finance minister Daim Zainuddin at a meeting of the Council of Eminent Persons, which advises the PH government on economic and financial matters.PHOTO: BERNAMA

KUALA LUMPUR • Hong Kong-based Malaysian tycoon Robert Kuok has returned to the country to attend his first meeting with the Council of Eminent Persons (CEP).

Tan Sri Kuok, Malaysia's richest man with a net worth estimated at US$14.5 billion (S$20 billion), was named one of the five members of the new CEP, three days after the Pakatan Harapan (PH) coalition won the May 9 general election.

The 94-year-old tycoon arrived at the meeting room in Ilham Tower in Kuala Lumpur yesterday morning, where he met other council members.

The other members of the CEP, which advises the PH government on economic and financial matters, are former finance minister Daim Zainuddin (who is the council leader), former central bank governor Zeti Akhtar Aziz, former chief of national oil firm Petronas Hassan Marican and prominent United Nations economist Jomo Kwame Sundaram.

After the meeting, Mr Kuok told reporters that Malaysians should trust the council.

"It consists of very fine Malaysians. I happen to be living in Hong Kong so I won't attend (meetings) too often," he said. "But Tun Daim, Hassan Marican, Zeti and Jomo, they are excellent people, trust them, trust them."

The council was scheduled yesterday to meet top officials from sovereign fund Khazanah Nasional and retirement fund, the Employees Provident Fund.

Tun Daim noted that Mr Kuok, who resides in Hong Kong, would not stay too long in Malaysia.

Mr Daim said that a top official from Mr Kuok's PPB Group, its chairman Oh Siew Nam, would attend meetings in Mr Kuok's absence.

THE STAR/ASIA NEWS NETWORK, BERNAMA

A version of this article appeared in the print edition of The Straits Times on May 23, 2018, with the headline 'Tycoon Kuok attends council meeting'. Print Edition | Subscribe