YNH Property Bhd’s announcement on the sale of a piece of land in Kuala Lumpur on May 16 has raised more than a few eyebrows and even prompted two rounds of very targeted questioning by the stock exchange regulator Bursa Malaysia.

In the second batch of queries that was announced last T...

Frankly Speaking: A lesson learnt for YNH

The appointment of three new directors to the board of Bahvest Resources Bhd is an indication that the boardroom fight is over.

Yet, the problems for minority shareholders of the company, which has interests in the mining of gold in Sabah, are far from over.

In an announcement...

Frankly Speaking: More turmoil in Bahvest

Everyone makes mistakes, but a mistake that is repeated is no longer a mistake. It is a choice that one makes and the outcome will likely be no different.

The government has upsized the budget for the controversial littoral combat ship (LCS) project to RM11.2 billion from RM9.2 billion....

Frankly Speaking: Bigger budget, smaller deal, same contractor

Extraordinary demand for Coldplay and Jacky Cheung concert tickets recently provided golden opportunities for scalpers. According to reports, Coldplay tickets were being resold for up to RM43,000, with a fan said to be ready to even shell out RM111,111 for a concert ticket.

The brouhaha...

Frankly Speaking: We don’t need new laws; just fix the system

The Ministry of Home Affairs raided numerous Swatch stores in Malaysia over three days in May, seizing more than 170 rainbow-coloured timepieces under the Swiss watchmaker’s Pride Collection because of their alleged LGBT connotations. The watches were seized using the Printing Presses and Publica...

Frankly Speaking: Seizure of Swatch’s rainbow watches is ridiculous

Last week, after a fire broke out at a Tenaga Nasional Bhd substation, adjacent to the east façade of Mid Valley Megamall in Kuala Lumpur, there were disruptions to electricity supply in the surrounding areas and even parts of Desa Pantai. According to a Tenaga official, there was also an issue at KL Sentral, which led to a power cut there as well, but a news portal reported that the two were not related.

Frankly Speaking: Ensure blackouts do not recur

On May 15, engineering outfit Bintai Kinden Corp Bhd announced the appointment of Datuk Tay Chor Han as managing director. Three days before that, it was announced that he had acquired 45 million shares (just above 5%) in the company. His appointment came as a surprise as only in early March, or about 2½ months ago, Tay had stepped down as the company’s CEO.

Frankly Speaking: Tay’s surprising return to helm Bintai Kinden

Employees of Singapore Airlines Ltd (SIA) are the envy of those in the aviation industry and likely many other salary earners as well.

Frankly Speaking: High hopes for Malaysia Airlines turnaround

Higher input costs continue to weigh on some consumer firms, putting a dent in their profitability as a result of margin compression.

Frankly Speaking: Inflation continues to bite corporate earnings

The Penang state government announced a 49% scale-down of the Penang South Islands (PSI) project, proceeding with only the 930ha Silicon Island (Island A) off the southern coast of Penang island and scrapping reclamation plans for Islands B and C that would have brought the total project area to 1,820ha.

Frankly Speaking: Government cannot afford lose-lose situation

Malaysia’s economy is “no longer in crisis” and “continues to gain strength”, Bank Negara Malaysia governor Tan Sri Nor Shamsiah Mohd Yunus told reporters on May 12 when announcing that the gross domestic product grew at a better-than-expected rate of 5.6% in 1Q2023.

Jobless rates, she ...

Frankly Speaking: Stop politicising EPF withdrawals, OPR hikes

As expected, PAS is urging the government to cancel the upcoming November concert by British rock band Coldplay in Malaysia.

The party’s central committee member Nasrudin Hassan, in a Facebook post last Wednesday, asked if Putrajaya wanted to encourage “hedonism and deviant cultures” by...

Frankly Speaking: Don’t make an issue of concerts

Is Hong Seng Consolidated Bhd jumping into business ventures without weighing the merits of its decisions?

Last Friday, the company announced that it was disposing of a 51% stake in Innov8tif Holdings Sdn Bhd to Revenue Group Bhd for RM36 million, after acquiring the stake in late Janua...

Frankly Speaking: Do proper due diligence before committing to an investment

Last Wednesday (May 10), Melaka-based tourism-themed developer Yong Tai Bhd announced that Datuk Wira Boo Kuang Loon had served notice to relinquish his position as CEO with immediate effect.

However, the 51-year-old, who still has a 5.01% stake in Yong Tai, remains an executive directo...

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