Economists hail move to wind down Mara Corp
PETALING JAYA: Several economists have given the thumbs up to Majlis Amanah Rakyat for its decision to wind down its corporate arm, Mara Corp.
Madeline Berma, a professor at Akademi Sains Malaysia, claimed that some of Mara Corp’s decisions had been politically motivated and not aimed at meeting socio-economic needs.
Berma said she believed Mara did not achieve adequate success in its mission to groom entrepreneurs because its methods did not encourage an independent spirit.
“The help given caused entrepreneurs to depend on Mara. It made them less competitive.
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