Updated on 13 July 2009 at 2.10pm (Malaysian flag image source: vigilenzmd.com) THIS Saturday, 11 July 2009, will mark Datuk Seri Najib Razak’s 100 days as prime minister. Be prepared for the swamp of praises for Malaysia’s sixth prime minister and for his 1Malaysia vision. Three months ago, upon his succession, even his pinkish skin […]
Najib Razak
Wrong time to globalise economy, say critics
PETALING JAYA, 3 July 2009: Liberalising may have harmful long-term effects for the country, opposition politicians and an activist said. DAP Member of Parliament (MP) for Klang, Charles Santiago, said Malaysia needs to develop entrepreneurship further before it can benefit from policies such as the ones the prime minister announced on 30 June 2009. Santiago […]
PAS Youth calls on govt to wipe out power abuse, graft
KUALA LUMPUR, 2 July 2009: PAS Youth today called on the government to make sure there is no abuse of power or corruption in the implementation of government policies to enable the economic liberalisation measures announced by the Prime Minister Datuk Seri Najib Tun Razak achieve their objectives. PAS Youth information chief Suhaizan Kaiat said […]
Oh Ei Sun is PM’s new political secretary
KUALA LUMPUR, 2 July 2009: Academician Oh Ei Sun, who is a highly-sought international speaker-trainer-motivator, consultant and entrepreneur, has been appointed political secretary to Prime Minister Datuk Seri Najib Razak. An official from the Prime Minister’s Office said the appointment was effective 16 June 2009. The 35-year-old Sabahan, trained in law, management and engineering, has […]
Liberalisation welcomed with caution
PETALING JAYA, 1 July 2009: The government’s economic liberalisation measures are welcome – as long as they don’t get strangled by red tape, politicians from across the divide and think tanks said today. These individuals and groups supported the removal of the 30% bumiputera shareholder quota for publicly listed companies, the increase in foreign shareholding […]
Anwar: Liberalisation measures not “comprehensive”
KUALA LUMPUR, 30 June 2009: Measures to liberalise the economy that were announced today are positive, but do not address issues of governance or affirmative action, said Opposition Leader Datuk Seri Anwar Ibrahim. “These measures, supposedly to attract foreign investors, are good but not [comprehensive],” Anwar told a press conference in Parliament today. “They must […]
Capital Market Services Act to be amended
KUALA LUMPUR, 30 June 2009: The government will be tabling a set of far-reaching amendments to the Capital Market Services Act to further strengthen the Securities Commission (SC)’s enforcement powers in corporate governance transgression. Prime Minister Datuk Seri Najib Razak said the amendments would empower the SC to take action against a director or officer […]
Govt to set up RM500mil Ekuinas investment fund
KUALA LUMPUR, 30 June 2009: A new investment institution, Ekuiti Nasional Bhd (Ekuinas), will be set up soon with an initial capital of RM500 million. The fund will focus on investing in high-growth potential sectors and bumiputera companies, said Prime Minister Datuk Seri Najib Razak. “The government will provide the funds and appoint experts to […]
Foreign ownership of stockbroking firms raised to 70%
KUALA LUMPUR, 30 June 2009: Foreign shareholding limits in existing stockbroking companies will be increased to 70% from the current 49% in efforts to further enhance Malaysia’s position as a listing and investment destination, Prime Minister Datuk Seri Najib Razak announced here today. He also announced that with immediate effect, the Foreign Investment Committee (FIC) […]
Three PR-led states receive low federal allocation
By Gan Pei LingPETALING JAYA, 26 June 2009: Penang and two other Pakatan Rakyat-led states – Kedah and Kelantan – were among six states that received the lowest allocations from the government’s stimulus package. Citing data available from the government’s Treasury website, DAP’s Jalan Tembikai branch deputy chairperson Steven Sim said, for example, that Penang was only receiving […]
