Category Archives: Corporate world

End of an era for MAS

KUALA LUMPUR, Dec 11: Tomorrow ends an era for Malaysian Airline System Bhd (MAS) as a public-listed company as the ailing national carrier is delisted off Bursa under the restructuring plan spearheaded by its majority shareholder Khazanah Nasional Bhd. Holding steady … Continue reading

Posted in Corporate world

Lindsay Lohan, Paris Hilton and 1MDB – what a threesome!

Mike Tan   COMMENT: What do Paris Hilton, Lindsay Lohan and 1MDB have in common? They are linked to Hollywood, rich (or once were), prone to controversies, and tend to grab headlines, usually for all the wrong reasons! What’s more, … Continue reading

Posted in Corporate world, Sarawak Report

Malaysians ‘bodoh’, cannot run MAS – Dr Mahathir

Former Prime Minister Tun Dr Mahathir Mohamad says he is not surprised why an outsider has take over the management of MAS. – TRP filepic KUALA LUMPUR, Dec 6, 2014: Former Prime Minister, Tun Dr Mahathir Mohamad today vented his … Continue reading

Posted in Corporate world, Dr Mahathir Mohamad

Too late now to save MAS, says Najib

It is now too late for the government to step in and save Malaysia Airlines (MAS) and bankruptcy is one of several options to restructure the loss-making airline, said Prime Minister Najib Abdul Razak. “We have to look at it … Continue reading

Posted in Corporate world, Najib Abdul Razak

Struggling Malaysia Airlines may need government bailout

Even before the loss of its flight MH370, Malaysia Airlines (MAS) was bleeding cash, prompting talk that it may need another financial rescue from state investor Khazanah Nasional Bhd, its majority shareholder. The flag carrier’s cash and short-term investments at … Continue reading

Posted in Corporate world, MH370

Fund scandal looms in Malaysia

Written by Our Correspondent WED,26 FEBRUARY 2014 Asia Sentinel Mysterious sovereign wealth fund may be billions in debt Political insiders in Malaysia say Prime Minister Najib Tun Razak could be facing a fresh political crisis due to the murky dealings … Continue reading

Posted in Corporate world, Najib Abdul Razak | 1 Comment

‘Work with Tony Fernandes to salvage MAS’

The time has come for acting Transport Minister Hishammuddin Hussein to “put aside ego” by working with Air Asia founder Tony Fernandes to salvage national carrier Malaysia Airlines (MAS). DAP secretary-general Lim Guan Eng, who proposed this in a statement … Continue reading

Posted in Corporate world, DAP Updates | 1 Comment

AirAsia boss and transport minister in social media battle

AirAsia founder Tan Sri Tony Fernandes (pic) took to Twitter again today to hit out at Malaysia Airports Holdings Berhad (MAHB) and Transport Minister Datuk Seri Hishammuddin Hussein over klia2’s ballooning cost and airport taxes. Fernandes tweeted: “Let’s be clear. … Continue reading

Posted in Corporate world

Robert Kuok still the richest man in Malaysia

Robert Kuok, the Hong Kong-based Malaysian tycoon is still the richest man in Malaysia, with a wealth of RM54.48 billion from last year s RM46.1 billion, followed by businessman T. Ananda Krishnan and Public Bank’s Teh Hong Piow. Ananda, has … Continue reading

Posted in Corporate world, Economy

New EPF rules… good for retirement, bad for unit trust industry

By RANJIT SINGH, Malaysian Insider Malaysia’s largest pension fund has decided to raise the minimum savings for its contributors to ensure they have more money in their twilight years, but this indirectly cuts investments into the country’s vibrant unit trust … Continue reading

Posted in Corporate world, Special Interest