So a special audit of Transmile Group has discovered that its revenue for 2005 and 2006 may have been overstated by over RM500 million ringgit. Gulp! Let me say that again s-l-o-w-l-y: over RM500 million. And its pre-tax profit for...
So Wolfowitz goes without being held accountable for his criminal scheming against Iraq. After I wrote the piece below, an academic friend told me, "Although he did have to step down, it was hardly a fall -- guy walks away...
In February, newspapers reported that government-owned RapidKL would take over the management of the bus system in Penang, putting an end to Penangites' public transport woes after years of shoddy bus service. Prime Minister Abdullah Ahmad Badawi said...
Few of us are aware that our country had a thriving system of elections to local councils in the 1950s and 1960s. Back then, we had 373 local authorities - 40 town councils, 37 town boards, 289 local councils...
So now the EPF is set to take over RHB. The first question that comes to mind is, isn't the EPF biting off more than it can chew? What does it know about managing a bank - or even supervising...
When are petroleum royalties not petroleum royalties? When they are deemed to be "goodwill funds", of course. If you suffer from insomnia, then wading through the Malaysian Auditor General's report may be just the thing for you. But then again,...
Things can go drastically wrong when banks are poorly regulated - as we saw during the 1998-98 Asian economic crisis. The problem is further compounded when political connections come into the picture. During the 1990s, I personally saw how...

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