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Friday, April 7, 2017

Irwan declines to entertain poser on Swiss AG's 1MDB remarks



Treasury secretary-general Irwan Serigar Abdullah has declined to comment on Swiss attorney-general Michael Lauber's remarks on the investigations into 1MDB.
"That is out of context," he said before leaving when met at the 1Malaysia Entrepreneurs (1MET) Bootcamp 2017 in Putrajaya today.
On Wednesday, Lauber was reported as saying that the money-laundering investigation into 1MDB was making progress despite the Malaysian authorities' refusal to cooperate.
"It's not hopeless, in fact it's the opposite.
"We're still confident we can successfully conclude the process... in particular the open cases against the two banks," Reuters quoted the Swiss official as saying in reference to Swiss private banks BSI and Falcon, which have already had to pay out in the case.
"This place (Switzerland) is not a safe harbor, not for terrorists, not for money launderers, not for international corruption.
"We don't tolerate things like 1MDB, we don't tolerate things like Petrobras, we don't tolerate things like the whole FIFA soccer complex," he had added.
Nurture creative talent
On a separate issue, Irwan mooted the idea of meeting with the Higher Education Ministry to talk about how students can learn more about entrepreneurship in a creative manner.
This idea, he said, arose after he returned from the recent official state visit with Prime Minister Najib Abdul Razak to India.
Irwan pointed out that India is the largest manufacturer for components for every branded product marketed in the west, which generates billions of US dollars in revenue.
"In India, I managed to visit the institute which does (design thinking) where their products are designed in a laboratory and marketed overseas like the US, Europe and so on.
"So, these components become the branded products in Western countries but the input comes from India,” he added.

Irwan said in Malaysia, however, universities teach in a traditional manner, where students labour over their books, are forced by parents to score 10As and sit for exams.
“But we cannot create products which are creative and smart.
"So, while we are sending our children to study to be doctors and engineers, we also need to cultivate entrepreneurship in ourselves.
"That's why we want to discuss with the Higher Education Ministry, to have this input so that our students are more creative," he added. -Mkini

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