But the leading corporations in the mid-1990s were connected to one of the then three most powerful politicians in Malaysia - Mahathir, then deputy premier and finance minister Anwar Ibrahim and then economic advisor Daim.

By the mid-1990s a number of huge publicly-listed conglomerates controlled by well-connected Malay Malaysians had emerged. The high degree of autonomy that Mahathir had had as prime minister had allowed him to distribute government-created concessions and privatised projects to a select group of businessmen to help them swiftly develop their corporate interests. Mahathir justified this form of patronage on the grounds that the way to create Malay capitalists was by distributing concessions to those most capable of generating wealth.

As prime minister, Mahathir committed himself to three primary goals: to industrialise Malaysia, to privatise government-owned firms, and to create Malay capitalists. To help him achieve his goals, Mahathir appointed his close ally, Daim, as finance minister in1984. Both men were with developing the stock market and using it as a key avenue to create domestic capitalists. By the early 1990s, Malaysia's stock market capitalisation relative to gross domestic product was the highest in Southeast Asia.

How do we explain these rather interesting outcomes of the NEP implementation on the form and development of Corporate Malaysia? To understand these astonishing equity ownership figures, one must first understand the orientation of Malaysian political economy under the long premiership of Dr Mahathir Mohamad.

Second, the government still held majority ownership of half of these firms, in spite of the spate of privatisations since the mid-1980s. Of these 10 companies, two were a part of the Renong group, a major recipient of privatised concessions, while Proton was re-nationalised.

First, is the considerable decline in foreign ownership of Corporate Malaysia between 1970 and 2000. Since only one of these firms was owned by a foreign enterprise in 2000, this was a remarkable achievement under the NEP given that foreign firms owned 63.4 percent of corporate equity in 1970.

A number of important observations about the top firms at the turn of the century can be made

mid-2001RHB Capital, was owned by a bumiputera. In 2002, Rashid divested control of the firm to the family members of Taib Mahmud, the chief minister of Sarawak.

Two Malay Malaysians came up as owners of three firms listed in the - Rashid Hussain, who controlled RHB Capital and Halim Saad, who controlled United Engineers (UEM) and Renong . Renong and UEM had cross-holdings and were once directly owned by Umno before Halim, a protege of former finance minister Daim Zainuddin, secured control of the group. In July 2001, Halim relinquished control of the Renong group to the government.

The sole government-owned and foreign-owned companies figured in the bracket were the motor vehicle producer, Perusahaan Otomobil Nasional , and the cigarette producer Rothmans of Pall Mall respectively. Proton, part of the Hicom Holdings group that was privatised to the late Yahya Ahmad, was bought over by the government's cash-rich oil agency, Petronas.

An evaluation of the top 10 quoted firms for that year reveals a very significant point. The government had majority ownership of six of these top 10 firms, including utilities like TM (Telekom Malaysia) and power supplier Tenaga Nasional, the country's leading bank, Malayan Banking , the national oil corporation Petronas' gas producer, Petronas Gas , the national shipping line Malaysian International Shipping Corporation (MISC) and the well-diversified Sime Darby . The government also had a stake in Commerce Asset-Holding of Malaysia's second largest bank, Bumiputra Commerce Bank.

One simple but effective, way to secure insight into equity ownership is to review the list of the top publicly-listed companies on the Bursa Malaysia in 2000 in terms of market capitalisation.

Before addressing these issues, let us start with the fundamental question. How do we obtain a more informed picture of ownership patterns in Corporate Malaysia

Even if bumiputera equity ownership is increased to 30 percent, would this mean that wealth has been more equitably distributed among members of this community or between them and other Malaysians? And, most importantly, should we continue to perpetuate a discourse on equitable wealth distribution among Malaysians along racial lines?

Umno that at the end of the year 2000 corporate equity attributable to bumiputera individuals and trust agencies had stood at a mere at 19.1 percent, far short of the 30 percent goal set by the NEP, and that it had moved only insignificantly in the period between 1985 and the turn of the century.

Barisan Nasional politicians New Economic Policy (NEP)- type policy license holder , AP holder , contract government all only give bumiputra company ,royal family and politician member.

Prime Minister Tan Sri Muhyiddin Yassin was previously quoted as saying that the National Covid-19 Immunisation Programme was the largest vaccination programme ever implemented in Malaysia, with the roll-out expected by the end of this month.
He said the Cabinet had also agreed to appoint Science, Technology and Innovation Minister Khairy Jamaluddin Abu Bakar as the coordinating Minister for the vaccination programme, and the latter would lead a special task force in implementing specific programmes in terms of logistics and coordination with the respective States and Government agencies.

The company had a main warehouse facility equipped with a cold room to store the vaccines, in addition to other support systems in case of a power outage.We also have a good 'backbone' in terms of distribution, a set of standard operating procedures (SOPs) which is continuously being enhanced, as well as over 400 skilled workers operating the logistics system with warehouses in five strategic locations, namely two in the Klang Valley, one in the north (of the peninsula) and one each in Sabah and Sarawak.To ensure the distribution can be done in a fast and accurate manner, our transportation system is also equipped with Internet of Things (IoT) technology, where we can track the position of our vehicles so that supplies are received on time.Abdul Malik said there should also be good coordination between vaccine providers and healthcare facilities to avoid stockpiling and wastage.

Health Minister Datuk Seri Dr Adham Baba had previously said the Government was looking to give 210 shots per day in each location nationwide.If it goes well, 120,000 injections can be carried out daily at all 600 vaccination centres.

Health Minister Datuk Seri Dr Adham Baba had previously said the Government was looking to give 210 shots per day in each location nationwide.If it goes well, 120,000 injections can be carried out daily at all 600 vaccination centres.

Health Minister Datuk Seri Dr Adham Baba had previously said the Government was looking to give 210 shots per day in each location nationwide.If it goes well, 120,000 injections can be carried out daily at all 600 vaccination centres.

Pharmaniaga has signed an agreement with Sinovac to supply 14 million doses of its Covid-19 vaccine, with the fill and finish process carried out at its high-tech factory in Puchong, Selangor.The company has also signed an agreement to supply 12 million doses of the CoronaVac vaccine to the Ministry of Health (MOH).

Pharmaniaga has invested a total of RM3 million to increase its existing capacity, and is ready to increase its investment if there is high demand for the CoronaVac vaccine.He also expressed hope that the company would get approval from the National Pharmaceutical Regulatory Agency (NPRA) by April to enable the company to distribute the CoronaVac vaccine in Malaysia.

Pharmaniaga Bhd is confident of meeting the targeted vaccine demand of 120,000 shots per day, according to its deputy managing director Mohamed Iqbal Abdul Rahman.He said the company is able to produce two million doses of the ‘CoronaVac’ vaccine made by Chinese pharmaceutical company Sinovac Life Sciences Co Ltd (Sinovac).

(Feb 10) AirAsia Group Bhd today the budget airline has fixed the issue price for the first tranche of its proposed private placement of 668.39 million new shares to identified placees at 67.5 sen each under a scheme which allows the company to raise funds expeditiously to mitigate the impact of the Covid-19 pandemic.

Since September Top Glove has utilised a whopping RM1.28 billion of its cash pile for share buyback, with RM354.74 million spent in September, and RM802.55 million in November.

Top Glove had engaged in a share buyback was on Dec 14 when it had spent RM3.63 million on 576,90

Top Glove currently has 178.96 million treasury shares, which is 2.19% of its total issued share capital of 8.2 billion shares.

The glove maker share price has been on the decline this week after it rebounded to RM7.05 on Feb 2. The buying interest among the retail investors that aimed to “short squeeze” short sellers has not gathered much steam so far.

Top Glove Corp Bhd, which will release its quarterly earnings next month, has engaged in its first share buyback of the year after it stopped the exercise after Dec 14.glove maker spent RM3.69 million for 600,700 shares bought back in the open market at RM6.15 per share today.

Affin Hwang Capital analyst Tan Ei Leen views that banks have been cautious of high-risk segments since 2020 and had set aside some pre-emptive provisions, adding that banks may continue to expect a certain degree of asset quality deterioration in 2021.The research firm continues to maintain an elevated provision level, though lower at 62bps versus 80bps in 2020.We believe that even if MCO 2.0 is extended to a period of one to two months, it may not necessitate a significant downward revision in our earnings forecasts (unlike the previous year).However, should the MCO last more than three months, Tan said this could raise the net credit cost (NCC) assumption by another 10bps.The estimated impact on sector earnings is -5.9% with a 10bps increase in NCC, -11.8% with a 20bps increase and -17.7% with a 30bps increase.

Nomura’s Tushar expects a V-shaped earnings recovery for banks in FY21, due to the absence of day 1 modification loss, flat to positive margin trends as overnight policy rates stabilise, and lower absolute provisioning required given the front-loading of the bulk of the provisions in FY20.However, our preference remains towards retail banks as we believe based on our stress test that their asset quality faces less downsides from the Covid-19 pandemic, and they are likely to enjoy more tailwinds from the modification-loss unwinding.He added that the recent stress test by the Central Bank also points to the bulk of impaired loan formation in 2021 to come from businesses, along with about 90% of incremental Covid-19-related credit costs. Nomura’s top picks are Public Bank, Hong Leong Bank and RHB Bank.

According to Ong the CET-1 (Common Equity Tier 1) ratio of all the banks has exceeded the minimum requirement, which puts them in a comfortable position to declare dividends. For the conservative banks, they may opt for a higher portion of DRPs instead of handing out cash dividends as they would want to retain their capital position.A banking analyst, who declined to be named, commented that if the CET-1 ratio is comfortably at above 13%, there should not be much regulatory push back against the backdrop that banks have managed credit risk reasonably well.
The analyst noted that Maybank, Public Bank Bhd and RHB Bank have the largest capital buffer among those with financial year ended Dec 31.

AmInvestment Bank Bhd analyst Kevin Ong explained that the pause on dividends from the banks was due to the blanket moratorium imposed last year, which in turn clouded the earnings visibility as well as the banks’ loan performance.When a substantial portion of your loans is under the automatic blanket moratorium, it is not very clear about the capability of repayment from these borrowers, noting that at least 80% of SMEs were under the blanket moratorium.
The current targeted assistance will enable banks to have a better gauge on their loan portfolio. Consequently, banks would be more comfortable to declare dividends compared with six months ago.

Hong Leong Investment Bank Bhd banking analyst Chan Jit Hoong concurred with the view, noting the impending Covid-19 vaccination rollout as positive for the banking sector.It is only a matter of time when the market looks forward again to economic activities returning to the path of normalcy. Thus, we remain positive on the sector and would advocate buying on dips — valuations are undemanding and there is ample liquidity in the market.

MIDF Amanah Investment Bank Bhd research head Imran Yassin expects banks’ earnings to rebound this year given that bad loan provisions might lessen. Besides, net interest incomes have stabilised among the banks, which will provide support to earnings.We expect loan growth to accelerate this year, boosted by demand from businesses when the economic recovery starts to gather steam. This is despite the MCO 2.0 as it is less restrictive than the MCO we faced last year.
We may fine-tune our earnings expectation lower, but overall, we opine that the earnings prospects remain intact.

While the Government has reimplemented a Movement Control Order (MCO 2.0) in all States, except Sarawak, currently, analysts do not expect the impact on the economy to be as great as the previous MCO.

Banking sectors prospect still intact for now

Malaysian banks are likely to declare dividends, albeit lower, when they release the fourth quarter financial results. The view is formed on the premise that most local banks have demonstrated their financial strength to withstand the current economic crisis.Except for Malayan Banking Bhd (Maybank), BIMB Holdings Bhd and RHB Bank Bhd, all other listed banks did not declare any interim dividends in the January-September period.

Most banks pulled the brakes on declaring dividend in the first three quarters of 2020 globally given the unprecedented uncertainties that the Covid-19 pandemic has brought to the world.

F&B also have din tai fung，i-dragon，paparich , haidilao，sichuan hotpot the alley and other yogurt brand...

去年我下载了Gemspot 里面的商家不多只有2-5家酒吧可以预订，现在有百家酒吧可以预订。
几个月后有新进展可以订餐桌几家餐厅在五星级酒店的现在有几百家了
几个月后，里面有很多美食可以预订火锅，日式，韩式，中式，西餐，咖啡厅，cafe,当地马来人餐。
几个月后可以预订餐饮连锁店例如 palsaik，din tai fung，i-dragon，paparich,old town , haidilao，domino，pizza hut，kfc ，secret recipes, tealive ,chatime ,the alley 和其他。
现在开始他们增加了预订TAKEAWAY 和 DELIVERY

big down big up big swing

no need confused based on conversion , mother shares at 0.265
PA Conversion Price 0.075 = 0.195
WA Conversion Price 0.10 = 0.165
WB Conversion Price 0.10 =0.165
which is better ...

YOU ARE MY DESTINY。。。。

wow...have postpaid aldy....

many US-based top investment bank buy this company...

Destini forms JV for commercial aviation venture
KUALA LUMPUR (June 22): Destini Aviation Sdn Bhd (DASB), a wholly-owned subsidiary of integrated engineering solutions provider Destini Bhd , has formed a joint venture (JV) with United Kingdom-based Avia Technique Ltd in efforts to expand into the commercial aviation sector.
In a statement today, Destini group managing director Datuk Rozabil Abdul Rahman said that with the company’s vast experience in defence aviation maintenance repair and overhaul (MRO) and survival equipment, it is ready to expand into the commercial aviation sector.

"harbour asia" is UK-based fund,your dun know what mean "Opportunity master fund"

Name : Harbour Asia Oppportunity Master Fund
Country of incorporation: Cayman Islands
Acquired : 43,330,000 shares
Indirect/deemed interest : 5.38%