| 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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