THE Finance Ministry is waiting for recommendations from the Transport Ministry on potential candidates to take charge of Malaysia Airports Holdings Bhd (MAHB) and Prasarana Malaysia Bhd, said Lim Guan Eng.

“We have to take recommendations from the Transport Ministry. Still waiting for them,” the finance ministers told reporters at a press conference after the Finance Ministry’s monthly assembly in Putrajaya. 

Prasarana is a wholly-owned subsidiary of the Minister of Finance Incorporated (MOF Inc.) while national sovereign wealth fund, Khazanah Nasional Bhd controls the majority stake in MAHB with a shareholding of 33.21%. 

Both the organisations are without a chief executive officer following the suspension of one and the resignation of the other. 

The Malaysian Insight reported on January 7 that Prasarana’s board suspended CEO Mohamed Hazlan Mohamed Hussin on Christmas Eve, mainly due to the public dissatisfaction over its light rail transit (LRT) services.

The complaints are largely over the poor quality of the LRT system that had not been resolved.

A day earlier, MAHB said in a filing with Bursa Malaysia that its group CEO Raja Azmi Raja Nazuddin has resigned to pursue other opportunities.

The airport operator’s board of directors said in an accompanying statement that chief operating officer Mohd Shukrie Mohd Salleh has been appointed acting CEO.

Transport Minister Anthony Loke said yesterday that the appointment of the CEOs of both the government-linked companies falls under the jurisdiction of the Finance Ministry. – January 10, 2020.