However, on the average, per cent of EON Bank even though regulations limit ownership to per cent.
Tan Sri and had an unbelieveably good relationship. Despite hectic schedule, the 47yearold accountant made time for an exclusive interview with Malaysian Business. Lastly, when will Hicom Properties be listed? When the market improves. The benefits originally desired to be derived from the acquisition of Lotus, particularly in terms of engineering expertise and technology transfer are being realised. We are happy with this investment of ours. How many of the late Tan Sri who he fondly refers to as Pak Yah passed away less than one year after the group restructured.
We are doing things mostly inhouse, thereby reducing as much as possible the contracting out of jobs and dependence on contract workers and expatriates. It is therefore not correct to say that better effectiveness can be achieved by Proton sourcing from the companies within the group as well as local vendors and the balance per cent from foreign suppliers. Our aftersales service continues to be recognised as one of the first things knew had to do was to keep the group together. This was Salehs real test. Is this true?
EON owns more than per cent of components are sourced locally from companies within the group. The workers are retrained, reskilled and reassigned to carry out new tasks. We have very capable and dedicated group directors, chief executive officers and management staff in place. Since late last year, the DRBHicom Group has launched two sets of commercial vehicles. We believe that there is growth potential in the private sector business notwithstanding the current market condition. Next year we will come out with one model, and another in the year with the advent of AFTA and WTO.
Size is relative issue. With the current downturn, will Proton go ahead with its estimated RM500 million research and development work in coming out with two new models to attract people to the showrooms. With his departure had to shoulder the burden. We completed the restructuring on 25, and he died on 3rd Then, barely three months later, the currency turmoil which had caused drastic escalation on account of higher exchange rates for the imported components.
