Tuesday, January 30, 2007

Malaysia's GLCs: Proxies for 'National Service', Blurring Equity Stats and Leasing Luxurious Jets

'National service'


Read more here.

Blurring Equity Stats...


From Mave:

They argued that GLCs stakes belongs to the government, not just the Bumis.

But government statistics clearly defines the Bumis stake. Why not call it: Malaysians' stake; why differentiate it by race if they are not to be counted.

THis figures are non-exhaustive and published in 2004. By 2006, Khazanah had increase their stakes in more corporations.

It wasn't based on par value; it was market capitalisation. But now, they said it's par value. Why? Because ... justification of a wrong.




"GLCs stakes belongs to the government, not just the Bumis"?




Leasing Luxurious Jets

[Source]

Got problem? Never mind. Bailouts...















Image from Malaysiakini.



Series of pictures reposted from its original post here.

What else?

Jahanamlah rakyat untuk GLC.

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