26.06.2012 - Pakatan: Leave funding of mega Islamic bank to market forces
Pakatan Rakyat (PR) MPs are demanding Bank Negara Malaysia (BNM) explain why it is proposing that Petronas and pension funds be used to set up a mega Islamic bank, saying that foreign institutions should instead be used to underwrite some of the US$1 billion (RM3.2 billion) in start-up capital. Opposition lawmakers are also questioning BNM’s role in the matter, pointing out that the central bank has no business to get involved in the setting of a new bank...............................................Full Article: Source
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