CEP marks first 100 days – BorneoPost Online Borneo, Malaysia, Sarawak Daily News

Tun Daim Zainuddin

KUALA LUMPUR: The Council of Eminent Persons (CEP) reaches its 100th day of settlement today and the question of whether the council should be dissolved has been a red herring for the reason why it was originally established

Formed on May 12 by Prime Minister Tun Dr Mahathir Mohamed, the council acted as advisor on economic, financial and other issues during the transitional period of power and longevity was widely reported as only for 100 days & # 39 ;.

However, the prime minister said last week that the government would still maintain the CEP and that it would not be dissolved yet, because its services, especially those of its soft voice for a long time, were still needed, reactions were stimulated. the public, ruling and oppositional politicians.

Unsatisfied by the problems surrounding his operational tenure, today a press conference is planned by the council, clearly led by two-tier finance minister Tun Daim Zainuddin, who believes in the termination and that everything should be done on time.

The 80-year-old president of 261 sessions with, among others, Khazanah Nasional Bhd ex-Managing Director, Tan Sri Azman Mokhtar, TNB President / Chief Executive Officer Datuk Seri Ir Azman Mohd, Telekom Malaysia Bhd Chairman Tan Sri Dr Sulaiman Mahbob and the Inland Revenue Board Chief Executive Officer Datuk Seri Sabin Samitah. Others were the Chief Executive Officer of National Higher Education Fund Corporation Wan Ahmad Wan Yusoff and Director BRIM Division, Inland Revenue Board, Badri Basiran,

He is expected to present a general report on the gigantic task during the 100 days has been undertaken, as well as, his findings and recommendations to the government assisted by former Governor of Negara Bank Tan Tan Zeti Akhtar Aziz, former president and chief executive Tan Sri Hassan Marican, business magnate Robert Kuok and fertile economist Dr. ir. Jomo Kwame Sundaram.

The CEP wound the last meeting on Friday.

Daim has told Bernama earlier that the whole idea of ​​the CEP is to guarantee justice for everyone & # 39 ;.

"We will protect the constitution," he said.

The council met in their first meeting immediately after the announcement of the establishment and according to Daim: "I want this to end within 100 days, then I want to sleep."

The team held several meetings and daily briefings, he studied various issues, in particular on sovereign debt, ringgit, fuel subsidy, toll collection and removal of goods and services tax (GST) – fundamental changes in direction, including the implementation of institutional reforms.

"These are the most important things, we make recommendations to the government and in the end they (the government) will decide," he added.

Daim said that despite their age, the councilors were dedicated and did so as a voluntary national service and supported by a young, very hard-working and efficient secretariat ", led by economist Dr. Muhammed Abdul Khalid and his team.

CEP also played a crucial role in restoring investor confidence, especially after a tense week after the installation of a new government in Putrajaya and a series of major cancellation projects

Daim explained that canceling mega projects does not mean the country's focus the economy shifts, but is simply driven by the fact that some of these projects have no meaning.

As such, the government is only fiscally responsible for spending to manage the debt position of the government, he stated. [19659003] "There is no reason to bring the economy into a state that is much worse (than before)," said the small tycoon that k Nader keep tight control on finances during his business days.

The CEP also has two committees under its authority, namely the Institutional Reforms Committee and the committee that is investigating the 1Malaysia Development Bhd (1MDB) scandal.

The Institutional Reform Commission (IRC), set up to make recommendations to the government on various important national institutions, submitted its final report to the Council of Eminent Persons (CEP) and the Prime Minister in July.

The City Council was recently challenged when Daim reportedly visited China in an attempt to renegotiate loans and contracts that Putrajaya had previously invested with Chinese companies, which led to few parties from both the government and the opposition role of CEP, and warned that the Board would exceed its advisory role.

Among them were Rembau MP Khairy Jamaluddin who asked the government to immediately dissolve the CEP because it was seen to act not only as an advisor but as intervening in government affairs.

Minister in the department of Prime Minister Datuk VK Liew said, however, that the role of CEP was only an advisory role and that it had no executive powers. The government is not tied to the views or decisions of the CEP, he recently told a Dewan Rakyat.

Minister of Economic Affairs Datuk Seri Mohamed Azmin Ali also quoted that the decision to retain the function of CEP was not an indication that his ministers are not effective in carrying out their duties, but that it was necessary to provide the services of to retain the advisory body at this time.

Excluding Dr Mahathir and Minister of Internal Affairs Tan Sri Muhyiddin Yassin, most members of the Cabinet have little experience at federal level, although some are seasoned politicians.

Or the term of the CEP is being extended, remains to be seen after the return of Dr. Mahathir on Tuesday of his five-day official visit to China.

members of the CEP have already received other tasks.

Zeti was appointed to oversee Permodalan Nasional Bhd while Hassan is now a director at Khazanah Nasional Bhd after the recent upheaval of the government's strategic investment fund. – Bernama

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