Let’s take a quick look at the latest status of 1MDB, which appears laden with debt of RM8.4bn as at 31 March 2012 plus a reported additional RM22.7bn since then to finance the acquisition of power assets among other things. (more…)
Category: Malaysian finance/business
The national obsession with ‘race’ appears to have gone a bit too far. The other day I received, together with the usual bill from national sewerage company Indah Water Konsortium (IWK) a notice about the firm’s personal data protection policy. It was then that I learned that IWK is also interested in ‘race’. Now, I cannot for the life of me understand why ‘race’ should be relevant to a sewerage company, can you?(more…)
While all the talk is of ‘Allah’ banners and Molotov cocktails, the real action is taking place in deals such as the proposed delisting of Padiberas Nasional Berhad (Bernas) from the stock exchange. The delisting of Bernas would take away what little public scrutiny there is of this privatised firm.
What is at stake? This is the cherry in the pie:(more…)