First Eac Meeting Gets Underway

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The first meeting of the Economic Action Council (EAC), chaired by Prime Minister Dr Mahathir Mohamad, started at 6pm at Perdana Putra in Putrajaya  today
The meeting is to deliberate on three working papers, two of which are on efforts to address the rising cost of living, that will be tabled by the Economic Affairs and Domestic Trade and Consumer Affairs ministries
The Economic Affairs Ministry will also be tabling a paper on the setting up of the B40 Facilitation Fund which will use social entrepreneurship as the platform to raise the living standard of B40 households
B40 refers to the 40 percent of the population who are in the lower income bracket
The setting up the EAC was announced by the Prime Minister’s Office on Feb 11 to zero in and make decisions on economic and financial matters as well as on welfare of the people
Chaired by the Prime Minister, others in the 16-strong council are as follows:Finance Minister Lim Guan EngEconomic Affairs Minister Mohamed Azmin AliInternational Trade and Industry Minister Darell LeikingWorks Minister Baru BianEconomic Advisor to the Prime Minister Muhammed Abdul Khalidformer International Trade and Industry Minister Rafidah Aziz Permodalan Nasional Bhd (PNB) chairperson Zeti Akhtar AzizCouncil of Eminent Persons member Jomo Kwame Sundaram Public Bank managing director Tay Ah LekMajlis Amanah Rakyat (Mara) chairperson Hasnita Hashim Bursa Malaysia chairman Shireen Ann Zaharah Muhiudeen; Asean Business Advisory Council Malaysia chaiperson Mohd Munir Abdul MajidFederation of Malaysian Consumers Association (Fomca) CEO Paul SelvarajLawyer Bah Tony @ Amani William Hunt AbdullahInstitut Masa Depan Malaysia (Masa) board of trustees member Nizam Mahshar.- Bernama

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