00:00What do you think of the PM's statement that he will call on the YP to deal with the MHB issue and air traffic violations?
00:09Firstly, I think the PM must act fairly.
00:14The statement was made as if the issue was to be left to the Ministry of Transport.
00:22Firstly, the issue of selling and buying the MHB shares has nothing to do with the Ministry of Transport.
00:29He must understand the structure of the MHB.
00:32As if he is confused.
00:34I don't know if he doesn't understand or doesn't want to understand.
00:37The MHB is a listed company.
00:40It is not under the Ministry of Transport.
00:43The MHB is a GLC company
00:47where the government through the Ministry of Finance has a golden share in the MHB.
00:52But it is a public business company before this.
00:56So, the issue of equity in the MHB by the institutions, including Zana, EPF, etc.
01:03is managed by the fund managers in the institution.
01:08In the case mentioned, it refers to EPF.
01:13So, if you want to ask for an explanation, ask EPF.
01:16Because the sale and purchase of the shares is managed by the fund managers.
01:20It is not determined by the KSU, the Ministry of Transport.
01:23So, we don't have equity in the MHB.
01:26The MHB is a listed company.
01:29The Ministry of Transport is a regulator.
01:32The Ministry of Transport has an operating agreement with the MHB.
01:38So, we regulate it.
01:40We manage the MHB.
01:43And we don't have equity in the MHB.
01:46So, the issue of the sale and purchase of the shares,
01:49the loss in the sale of the shares,
01:52has nothing to do with the Ministry of Transport.
01:54So, I don't understand
01:56what they want to ask from us.
01:59Because the decision to sell, to buy the shares of the MHB
02:03is not under our jurisdiction.
02:05It is under the jurisdiction of the fund managers
02:08in their respective institutions.
02:10And secondly, whether it is a loss or not, let EPF explain.
02:14I don't think it is a loss.
02:17But let EPF explain.
02:20It is not my business to answer for EPF.
02:24So, it has nothing to do with the Ministry of Transport.
02:28So, I hope that the PSC regulators
02:31try to link this issue with the Ministry of Transport.
02:36I don't know if there is a political agenda or not.
02:38Coincidentally, the Minister of Transport is from the DAP.
02:42So, he wants to blame the DAP.
02:44Whatever the fault of the DAP.
02:46As I said, the PSC chairman must act fairly.
02:50And any decision by PSC should be by the committee.
02:54It should not be judged by the chairman.
02:56He can't just like to make statements.
02:59Is that a joint decision by the PSC regulators?
03:03The PSC regulators are not alone.
03:05Even though he is the regulator, he is not alone.
03:08He needs the PSC regulators to negotiate
03:11to determine the proceedings to be brought forward,
03:13the cases to be looked at, and so on.
03:16So, I don't know if that is a joint decision by the regulators.
03:21So, have you been summoned yet?
03:23No.
03:24No such thing as being summoned.
03:26If there is anything that the PSC wants us to explain,
03:30it needs to be negotiated officially with the Ministry of Transport.
03:34And we will see what scope he wants to ask and so on.
03:38If that is the case, we have the right to explain our position.
03:44So, if the position or scope that he wants to look at
03:47is not under our jurisdiction,
03:49we will write to the Speaker of the People's Council
03:52that this has nothing to do with the Ministry of Transport.
03:56So, in this case, it is very clear
03:59that I see there is a political agenda
04:01that needs to be brought forward by the PSC regulators.
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