Serba Dinamik Bhd has delayed issuing its financial report for the second consecutive quarter.

Frankly Speaking: Serba delays accounts once again

The month of May showed a clear trend on the performance of new listings on Bursa Malaysia.

Frankly Speaking: New listings veer towards tech

Last week, the Minister of Natural Resources, Environment and Climate Change (NRECC) Nik Nazmi Nik Ahmad said that the government was considering reviewing water tariffs.

Frankly Speaking: Grab the bull by the horns, increase water tariffs

Last month, the Malaysian Anti-Corruption Commission (MACC) opened investigation papers into an event more than two decades old. It involved the acquisition of a 32.6% stake by United Engineers (M) Bhd (UEM) in Renong Bhd for RM2.3 billion in cash in November 1997. MACC summoned a couple of well-known corporate personalities, one who was also a senior minister at about that time, to its headquarters.

Frankly Speaking: UEM-Renong: Why now, after 26 years?

In November 1997, two independent directors of United Engineers (M) Bhd resigned after the company made a shocking RM2.3 billion acquisition of a 32.6% stake in its parent company Renong Bhd. UEM was cash rich while Renong had debts of RM12 billion.

Frankly Speaking: The independence of independent directors

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.

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