malaysia

Felda's land lease deal review seen as negative for FGV
SINGAPORE (Apr 15): The Federal Land Development Authority’s planned review of its 99-year land lease agreement (LLA) with FGV Holdings is not expected to work out well for FGV, which is heavily reliant on Felda’s resources. “It will be negative to FGV’s earnings, should Felda amend the terms in the existing LLA and require FGV to pay a higher lease for the land. But, at this juncture, ...
Catalist debutant Fortress Minerals to ride on China's rising demand for steel mills, says UOB
SINGAPORE (Mar 25): UOB KayHian says upcoming market entrant Fortress Minerals (FMIL SP) is well positioned to ride on increasing demand from Chinese steel mills. Fortress Minerals is a 37%-owned associate of Malaysia-listed Selangor Dredging Bhd, an investment firm with property development businesses in Malaysia and Singapore. The company produces high-grade iron ore concentrate mined ...
Mahathir says some Malaysian state-owned entities may be listed
KUALA LUMPUR (Mar 19): Malaysia may list certain state-owned entities to cut government debt and liabilities, Prime Minister Mahathir Mohamad said on Tuesday as it seeks new revenue sources to boost its fiscal position. Dr Mahathir, elected in a stunning upset last year, has blamed the previous administration of Najib Razak for saddling Malaysia with debt and liabilities of more than RM1 ...
A view from the hospital bed in Malaysia
SINGAPORE (Mar 18): It started the day after I returned to Penang from Singapore, a visit filled with the usual shopping and dining, as well as catching up with friends and relatives. An earache prompted a quick visit to the GP, but it didn’t mar the family reunion dinner that night. But by the first day of Chinese New Year (Tuesday), it was obvious that the heavy coughing and phlegm was not ...
Malaysia's stock market is Asia's only loser of 2019
KUALA LUMPUR/SINGAPORE (Mar 12): The euphoria following Malaysia’s historic election last May has faded, leaving its stock market as Asia’s only one in the red this year. The benchmark FTSE Bursa Malaysia KLCI index has fallen more than 1% so far in 2019, the only decliner in the region, while neighboring Singapore has surged 4% and Indonesia gained 3%. The trend is unlikely to change as ...
Malaysia plans to halt palm oil expansion to fight bad image
SINGAPORE (Mar 4): Malaysia plans to halt all expansion of oil palm plantations this year as it seeks to dispel the oil’s reputation as a driver of deforestation. The world’s second-largest producer will cap the area at around 6 million hectares (14.8 million acres), Minister of Primary Industries Teresa Kok said in an interview Friday. That’s up from 5.85 million hectares at the end of ...
Armed with new long-term mandate, Khazanah MD relates plans to take fund forward
SINGAPORE (Feb 25): Contrary to speculation, Malaysia’s Khazanah Nasional is not being shut down. Talk that Khazanah might be liquidated was why congratulations was not the first word that came to mind for many when Shahril Ridza Ridzuan was plucked out of the highly successful Employees Provident Fund to fill the managing director’s seat at Khazanah in early August last year. Not only was ...
Malaysia to put $7.4 bil of homes on the sale rack in March
(Jan 28): Malaysia is planning a sale for $7.4 billion of real estate to bridge the gap between property oversupply and lack of affordable homes, with developers asked to offer at least 10 percent discount. The numbers are staggering: about 180 developers will offer 22,000 units worth a total of 22.5 billion ringgit ($7.4 billion) at the expo planned for March 1 to 3. About a quarter of the ...
There are 'real' (non-rent-seeking) corporate heroes
SINGAPORE (Jan 28): Pretenders to the throne, please be seated. Last week, I wrote about some of our public- and private-sector successes in embracing technology and delivering quality services efficiently and effectively. This proves that Malaysians have the capability, given the right environment. I truly hope that we will see greater concerted efforts by the government to cultivate ...
Let’s not sell ourselves short
SINGAPORE (Jan 21): Why do I say this? There has been much talk and discussion about how New Malaysia should move forward from hereon. We know that government finances are stretched and, therefore, can no longer prop up the economy with huge spending. We also know that the people are struggling, with sluggish income growth and rising cost of living. Therefore, we cannot expect a big boost from ...