KJ To Be Appointed PUNB Chairman



Umno Youth chief Khairy Jamaluddin will be appointed as the new

chairman of the Perbadanan Usahawan Nasional Bhd (PUNB), an entity entrusted to develop Bumiputera entrepreneurs in strategic and high potential businesses.

Although it is not immediately known when the Rembau Member of arliament will begin his tenure at PUNB, a source told Business Times it is expected to be soon.

Khairy is expected to take over from Tan Sri Mohd Abu Bakar Mohd Noor who has held the position since 1998.

A source at PUNB could not confirm the appointment, only saying that there was no such news so far.



PUNB provides a range of loans for prospective Bumiputera businessmen under various schemes such as Pemborong Prosper, Prosper Runcit and Prosper Siswazah and also networking platforms for its borrowers.

Established in July 1991 under the Malaysian Companies Act 1965, PUNB's business operations are focussed on providing integrated entrepreneur development packages to assist Bumiputera entrepreneurs in retail andsmall and medium enterprise (SME) sectors.

These development packages are designed to help Bumiputera entrepreneurs develop business acumen, maintain a profitable venture and shape their enterprise, par excellence.

Business Times understands that Mohd Abu Bakar is well into his 80s. His previous posts include chairman of the Oriental Bank Bhd from 1997 to 1999 and chairman of the Board of Penerbangan Malaysia Bhd from 2002-2010.

Mohd Abu Bakar is PUNB's second chairman. It is unsure how long Khairy's term will be as the job tenure is indefinite, said another source.

This is expected to be Khairy's first appointm! ent to a government-related entity since winning a parliamentary seat at the general elections in 2008.

Although the youth chief position often comes with a ministerial post, Khairy was not appointed to any government post after winning the parliamentary seat.

Since then, there has been many rumours of Khairy's appointment in various government-linked companies but nothing materialised.

Khairy, who was in his constituency in Rembau yesterday, did not return calls to comment on this latest development.

-www1.btimes.com.my
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