Tun Daim Zainuddin, respected for his economic & "money making" skills is being touted to the Najib administration as a member of National Economic Advisors Council (NEAC). Member of this council will enjoy ministerial powers.
Daim played an important role in steering the country out of the recession in the late 1980s and the Asian Financial Crisis in 1998. He resigned from the administration in 2002 and he retreated to the corporate world; running his business empire with interests all over the globe.
Born April 29,1938 in Alor Setar, the capital of Kedah, Daim bin Zainuddin is the youngest of thirteen siblings. Daim received his early education at the Malay Primary School in Seberang Perak, Alor Setar and then advanced to the Special Malay Class at the Sultan Abdul Hamid School, which was an English–medium school.
Daim’s great break was in 1971, when he decided to venture into land and property development. Together with two other partners, he formed a company, Syarikat Maluri Sdn Bhd of which he held a 60% majority control. The Company bought and developed Taman Maluri, Cheras and Daim became the first full-fledged Malay property developer in Kuala Lumpur. He was made Finance Minister in 1984 in the Mahathir era. He resigned in 1991 and was appointed for the same post in 1997 to help Malaysia during the economic crisis.Former Secretary–General of the Finance Ministry, the late Tan Sri Zain Azraai said: “He is an extraordinary man, a firm man, who came quietly to take over the Finance Ministry, did a splendid job, then left quietly.”
Names that are widely expected to be included in the council are, former head of the Hong Kong Stock Exchange, Datuk Andrew Sheng, and corporate figures Datuk Md Noor Yusof and Datuk Azman Yahya.