KUALA LUMPUR, May 5 -- A draft amendment to the 1966 Majlis Amanah Rakyat (MARA) Act is set to be tabled before the Cabinet within three weeks, said Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi.

He said the timeline is significantly earlier than the previously requested three-month period, as the draft has already been completed and is now awaiting Cabinet approval before being presented to Parliament, according to Harian Metro.

"I was challenged to present it to the Cabinet within three months. With the support and backing of MARA and senior officials, I will present the new MARA Act within three weeks from today.

"I am not being boastful, don't tell the prime minister. The MARA Act is ready to be tabled. We are post-independen...