BlackRock’s presence in Malaysia overstated, says KJ

Free Malaysia Today

Former minister Khairy Jamaluddin says the argument that BlackRock is ‘everywhere in Malaysia’ lacks substance and is not an apple-to-apple comparison.  Read More: https://www.freemalaysiatoday.com/category/nation/2024/06/26/blackrocks-presence-in-malaysia-overstated-says-kj/   Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #KhairyJamaluddin #BlackRock #Overstated

Transcript

00:00They want to say Blackrock is everywhere. I want to tell you that the holdings of Blackrock

00:06in these companies are mostly very small, 1-2% of the companies. And usually these shares

00:19are bought in the open market. It is not in the management agency, it is not in the management.

00:27Former Minister Khairi Jamaluddin has criticised the notion that Blackrock's investment across

00:32various Malaysian companies should justify allowing an affiliated company, Global Infrastructure

00:37Partners, to participate in Malaysia Airport's Holdings Berhards privatisation.

00:41The argument they use is not serious. They don't do an Apple-to-Apple comparison.

00:49Khairi said MAHB's case was different to SGIP and Blackrock, along with Abu Dhabi Investment

00:56acquired 30% of the airport operators' shares, giving them a say in management decisions.

01:02The former Rumbau MP said he was certain that GIP would appoint a representative to the

01:06board. Several quarters have been urging Putrajaya

01:09to scrap the deal due to GIP's ties with Blackrock, which has been accused of profiteering

01:14from genocide through its stakes in US defence firms that allegedly manufacture weapons used

01:19by Israel.

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