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

Frankly Speaking: Serba delays accounts once again

The new buzzword in business nowadays is ESG — the environmental, social and governance theme. Corporate performance has now been tied to an ESG Index for supposedly responsible investing and even financial sector lending decisions. But make no mistake, it is ideology masquerading as social respo...

my Say: Malaysia must walk its own path in ESG

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

After 26 years, United Engineers (M) Bhd’s purchase of a 32.6% block in Renong Bhd continues to intrigue, with startling new disclosures surfacing recently.

In the latest twist related to the November 1997 transaction, former Renong major shareholder and supremo, Tan Sri Halim Saad, has...

Alternative Views: UEM-Renong deal: The ball is in MoF’s court

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

When assessing human progress, granularity matters. What we see the closer we get to ground truth is often quite different from the picture painted at a national or subcontinental level. In most countries, including Malaysia, paying attention to progress closer than just at the national level bec...

My Say: How a microregional perspective can inform strategy

Policymakers, economists and experts have recently been talking about our government debt level.

As at the end of 2022, the federal government debt-to-gross domestic product (GDP) ratio stood at 60.4%. Including the off-budget or contingent liabilities, our total public debt had reached...

My Say: Good and bad news about the government’s debt level

Business leaders across the globe are regularly asking themselves some form of the following four questions:

1.     How do I navigate today’s environment of extraordinary uncertainty?

2.     How likely are...

My Say: Leaders navigating an uncertain world

Champions or cheats?” That is the question. And it is being asked as the significance of Manchester City’s evisceration of Real Madrid in the Champions League, and fifth English Premier League (EPL) crown in six years, begins to sink in. As brightly as the players have shone on the field, they co...

Business Of Sports: Conundrums of war: Manchester City in power battle for football supremacy

The sovereign debt crisis was high on the agenda at this year’s spring meetings of the World Bank and the International Monetary Fund (IMF), with all eyes on China, the biggest creditor to the developing world, and the International Development Association (IDA), the World Bank’s fund for the poo...

The New Global Economy: Growing out of the developing-country debt crisis

Making a living is usually a challenging undertaking for the visually impaired. This has been made worse with the recent sudden increases in living expenses. According to the 2022 data from the Department of Social Welfare Malaysia, there are 52,027 registered visually impaired in Malaysia.

Bringing hope to the visually impaired

One of the defining developments of our time is the increasingly fractious relationship between the US and China. No one should underestimate the dangers posed by two nuclear-armed big powers pushing and shoving against each other. That is all the more the case for Southeast Asia, which will be o...

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