Category Archives: Corporate world

Pakatan: Reveal bankers fees for MAS-AirAsia deal

Posted on May 9, 2012 by

Pakatan Rakyat has urged the federal government to divulge the total fees paid to CIMB and other financial consultants involved in the botched Malaysia Airlines-AirAsia share-swap deal. Although the deal eventually turned sour  , some bankers have raked in millions of … Continue reading →

Posted in Corporate world, Pakatan Rakyat

Can Najib survive Scorpene’s sting?

Posted on May 8, 2012 by

By Mariam Mokhtar Prime minister Najib Abdul Razak sealed his own fate, eleven years ago at a meeting to discuss the Scorpene submarine purchase. The date was 14 July 2001. As any history student will tell you, the storming of … Continue reading →

Posted in Corporate world, Corruption, Najib Abdul Razak

MAS and AirAsia abandon share-swap deal

Posted on May 3, 2012 by

Malaysia Airlines (MAS) and AirAsia announced late this evening the cancellation of plans for a share swap between the two carriers. However, despite that the termination of the share swap, the agreement to work together stay. AirAsia said in a … Continue reading →

Posted in Corporate world

Anwar asks PM: What fate MAS with share-swap?

Posted on April 26, 2012 by

With the national carrier Malaysia Airlines recording its largest losses of RM2.52 billion last year, Opposition Leader Anwar Ibrahim is taking Prime Minister Najib Abdul Razak to task for his stand on the MAS-AirAsia share swap. Anwar, who is also … Continue reading →

Posted in Anwar Ibrahim, Corporate world

MACC leaks show Sabah CM’s bank links with Chia

Posted on April 14, 2012 by

Whistleblower website Sarawak Report today released further documents to rebut Sabah Chief Minister Musa Aman’s denial that he has anything to do with timber middleman Michael Chia. The documents posted in response to Musa’s (left in photo) denial yesterday show … Continue reading →

Posted in Corporate world, Corruption, Sarawak, UMNO

Wee: ‘Sick’ MAS signed contracts worth millions

Posted on April 11, 2012 by

By Teoh El Sen KUALA LUMPUR: National carrier Malaysia Airlines (MAS) was supposedly “bleeding” when it entered into procurement contracts amounting to RM794.73 million. And Wangsa Maju MP Wee Choo Keong wants the MAS bosses to give an explanation why the … Continue reading →

Posted in Corporate world, Parliament

‘Probe PM’s son for share price manipulation’

Posted on March 29, 2012 by

The Securities Commission (SC) has been urged to investigate Prime Minister Najib Abdul Razak’s second son Nazifuddin for share price manipulation. In a statement today, DAP publicity secretary Tony Pua (left) said Nazifuddin’s recent involvement in two companies whose share … Continue reading →

Posted in Corporate world, DAP Updates, Najib Abdul Razak

Woes keep piling up on Tony Fernandes

Posted on March 22, 2012 by

By Joe Fernandez It must be finally conceded by even the most ardent fans of Tony Fernandes, AirAsia’s flamboyant founder-chief, that there’s quite a bit of unhappiness going around these days over him. The latest bout of unhappiness with Fernandes … Continue reading →

Posted in Corporate world

Has MAS lost millions carrying Air Asia X passengers?

Posted on March 17, 2012 by

By Teoh El Sen KUALA LUMPUR: National flag carrier Malaysia Airlines(MAS) may have allegedly suffered huge financial losses as a result of carrying AirAsia X (AAX) passengers for ‘almost’ free, claimed independent Wangsa Maju MP Wee Choo Keong. Wee lodged … Continue reading →

Posted in Corporate world, Crime, Police

Najib to review MAS-AirAsia swap deal

Posted on March 15, 2012 by

KUALA LUMPUR: Prime Minister Najib Tun Razak has promised to review a share-swap deal between Malaysia Airline (MAS) and AirAsia, a MAS employees union official said on Wednesday, signalling a tie-up may be scrapped after MAS posted record losses. The … Continue reading →

Posted in Corporate world, Najib Abdul Razak

Rafidah: You call that ‘quitting’?

Posted on March 13, 2012 by

Former Wanita Umno chief Rafidah Aziz today lambasted her successor Shahrizat Abdul Jalil, saying the women, family and community development minister made no real sacrifice in announcing her ‘resignation’. The former international trade and industry minister explained that Shahrizat’s ministerial … Continue reading →

Posted in Corporate world, Corruption, UMNO

MAS-Air Asia alliance may be reviewed

Posted on March 10, 2012 by

KUALA LUMPUR — Putrajaya is reviewing the eight-month-old Malaysia Airlines-AirAsia alliance as it has failed to show any promised improvement or lift the morale of the 20,000-strong staff in the flag carrier that lost RM2.52 billion in 2011. The Malaysian … Continue reading →

Posted in Corporate world

Untangling Dr M’s disastrous financial speculation

Posted on March 6, 2012 by

Asia Sentinel Sometime over the next few days, a court in Kuala Lumpur will put the finishing touches to an agreement that allows Tajudin Ramli, the former head of Malaysia Airlines (MAS), not only to walk away from charges that … Continue reading →

Posted in Corporate world, Corruption, Dr Mahathir Mohamad

MAS records net loss of RM2.52bil in 2011

Posted on March 1, 2012 by

Malaysian Airline System Bhd (MAS) recorded a net loss of RM2.52 billion, on the back of RM13.9 billion in revenue, for the financial year ended Dec 31, 2011. For the fourth quarter, the national carrier recorded RM1.28 billion in net … Continue reading →

Posted in Corporate world

NFC bosses to open supermart in S’pore, alleges PKR

Posted on February 28, 2012 by

By Kuek Ser Kuang Keng Frustrated by the inaction of the authorities on the National Feedlot Centre scandal, PKR claimed today that Women, Family and Community Development Minister Shahrizat Abdul Jalil’s family was in the midst of operating an upmarket … Continue reading →

Posted in Corporate world, Corruption, PKR Updates, UMNO

Will Gani Patail order the arrest of Shahrizat’s husband?

Posted on February 27, 2012 by

By Maria Begum Attention has swiveled over to Malaysia’s notorious Attorney General, Gani Patail, with the Malaysian public watching closely to see if he will request for an arrest warrant for the husband of Women’s minister Shahrizat Jalil, accused of … Continue reading →

Posted in Corporate world, Corruption, Crime, Police

Police to recommend charges against NFCorp directors

Posted on February 25, 2012 by

By Teoh El Sen PETALING JAYA: Police would be recommending to the Attorney-General’s Chambers(AGC) to press charges against several individuals involved in the National Feedlot Centre(NFC) scandal. “We are suggesting to the Chambers to press charges…especially against the directors of … Continue reading →

Posted in Corporate world, Corruption, Police, UMNO

Pua reveals NFC’s controversial loan agreement

Posted on February 25, 2012 by

By Kuek Ser Kuang Keng Petaling Jaya MP Tony Pua today revealed the contents of the much-sought loan agreement between National Feedlot Corporation (NFC) and the government, affirming the perception that it was lopsided and the purchase of luxurious properties … Continue reading →

Posted in Corporate world, Corruption, DAP Updates, UMNO

Vincent Tan pledges RM600mil to charity

Posted on February 25, 2012 by

KUALA LUMPUR: Billionaire Tan Sri Vincent Tan pledged to donate RM600mil in shares through his Better Malaysia Foundation (BMF) to charity, as part of his promise to give away half his wealth. Tan, whose wealth is worth US$1.2bil (RM3.6bil) according … Continue reading →

Posted in Corporate world, Feel-Good story

Dr M defends MAS bailout, says it was not the worst

Posted on February 24, 2012 by

By Nigel Aw Former prime minister Dr Mahathir Mohamad today conceded that the government’s move to bail out MAS resulted in a loss of public funds, but argued there were worse cases of bailouts after he stood down. “The government … Continue reading →

Posted in Corporate world, Dr Mahathir Mohamad

NFC bought condos without directors’ approval

Posted on February 23, 2012 by

The National Feedlot Corporation’s (NFC) property investments were carried out without the knowledge of its board of directors, the Sun reported today. According to daily’s front page report, the three government representatives sitting on the board only found out about … Continue reading →

Posted in Corporate world, Corruption

‘Contracts worth billions for tycoon friend’

Posted on February 22, 2012 by

By Syed Jaymal Zahiid KUALA LUMPUR: Raja Petra Kamarudin has accused Selangor Menteri Besar Khalid Ibrahim of dishing out contracts worth “billions” to his tycoon friend, which the blogger claims triggered friction in Pakatan Rakyat. The Malaysia Today editor alleged … Continue reading →

Posted in Corporate world, PKR Updates | 1 Comment

EPF declares 6% dividend

Posted on February 19, 2012 by

KUALA LUMPUR: The Employees Provident Fund (EPF) Board, with the approval of the Finance Minister, has declared a dividend rate of 6 per cent, the highest in the last 10 years, for 2011. The dividend rate, an increase of 20 … Continue reading →

Posted in Corporate world, Feel-Good story

Robert Kuok still richest in Malaysia

Posted on February 16, 2012 by

Hong Kong-based Robert Kuok (right) has maintained his position as Malaysia’s richest man with a wealth of RM45.7 billion, despite a 8.0 per cent drop in his fortune, followed by T Ananda Krishnan (below) and Public Bank’s Tan Sri Teh … Continue reading →

Posted in Corporate world, Feel-Good story

Umno gets tough with Shahrizat: Najib issues ultimatum while Wanita members ponder EGM

Posted on February 11, 2012 by

By Wong Choon Mei It looks like Umno has made up its mind to ditch Women’s chief Shahrizat Jalil, and will use a two-pronged approach to prise her out from both her Cabinet post and the Wanita presidency. According to … Continue reading →

Posted in Corporate world, Corruption, UMNO | 1 Comment