Christian Mouttet says heavy subsiding of state enterprises is not sustainable for the economy

Christian Mouttet says heavy subsiding of state enterprises is not sustainable for the economy

Chairman of Prestige Holdings Ltd., and Business Executive, Christian Mouttet, says heavy subsiding of state enterprises is not sustainable for the economy and the nation.

Speaking at the Spotlight on the Budget Forum held at the HyattRegency Hotel on Monday, the senior business official suggested there been a gradual weaning action by the state in addressing this development.

Mr Mouttet also commented on the issue of diversification and the significance of it.

Source: News Power Now/Power 102.1fm

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