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Malaysian finance/business

The Penang Forum Steering Committee had a meeting with the Chief Minister last month to raise issues of concern. In the interest of transparency, the Steering Committee have come up with a report summarising the discussions that took place...
The on-off project to lay undersea cables to transmit electricity from the jinxed RM7 billion Bakun Dam to the peninsula is now on again. This time we are told the undersea cables will cost RM9 billion and that the cables...
Little-known Ewein Bhd is making the news in the business press. If the reports are to be believed, the firm is on the verge of landing a major contract relating to the Penang tunnel-highways project. With all the chatter...
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...
Sarawak Deputy Chief Minister Alfred Jabu made some claims about the Penan while lashing out at NGOs. He said the NGOs were taking advantage of the plight of the less than three per cent of the Penan population...
Now that the recriminations have flown around after the "Kings of Tennis" debacle, it would be a pity if this episode is allowed to peter out without any real lessons being learned. There are larger lessons here for the state...
Who exactly owns Nusmetro Ventures (P) Sdn Bhd, the developer of the Oasis luxury condominium project? According to the latest records for the developer filed with the Companies Commission of Malaysia, Asia Link-up Sdn Bhd holds 96 per cent of...
The share price of media conglomerate Media Prima Bhd has been sliding in recent months. Media Prima owns television stations TV3, 8TV, ntv7, and TV9; newspapers New Straits Times, Berita Harian and Harian Metro; and radio stations Fly FM,...
The government wants to inject RM5 billion into Valuecap Sdn Bhd to "invest" in the stock market. This money is supposed to be borrowed from the EPF (your retirement money). This is the same EPF that has lent RM3...
Almost all the useable land on Pulau Jerejak near Penang Island was sold to a resort, majority owned by the federal government's UDA Holdings Bhd. And Penang has incurred a RM19 million RM30 million loss on the deal. http://www.flickr.com/apps/slideshow/show.swf?v=71649 The Tropical...

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