Much has been said about the capital outflows from Malaysia. But where exactly are Malaysian firms investing in?
The top 10 destinations outside the country for Malaysian investments in 2009 were:
For what is expected to be the biggest mega project of them all, the RM43 billion Mass Rapid Transit proposal has received little prominent media publicity and most Malaysians remain in the dark about it.
The ‘unsolicited proposal’ for a 180-200km partly underground railway network in Kuala Lumpur by Gamuda Bhd and MMC Corp is now undergoing feasibility studies by two government-appointed consultants, according to a report in The Star.
The actual project is expected to cost RM36 billion. Add land acquisition and rolling stock cost and the tab reportedly could come up to a jaw-dropping RM43 billion. (What about possible cost overruns?) That makes it the largest construction job under the Tenth Malaysia Plan. Continue reading »
The latest on the protests at the Israeli attack on the Gaza humanitarian aid flotilla.
The mainstream media have been reporting that Malaysia and Singapore have ended their deadlock on key issues – but have all the prickly issues raised by Mahathir in the past been resolved?
Could we have the valuations for all the plots of land concerned so we know it’s a fair deal.
The Star reports that the key features of the latest round of talks were: Continue reading »
Some little-publicised news locally: Malaysia may sell bonds soon in its first major foreign debt offering in eight years.
These could be 10-year dollar-denominated bonds. Continue reading »