Energy efficiency, klia2 woes & the sanctity of contracts

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editors picks in story banner KhairieIf you had a busy week, you may have missed some of the better stories we published this week. Here are some of the exclusive news, analyses and commentaries — stuff you won’t find anywhere else — that you can’t afford to miss:

Pick 1 — Up in arms over energy efficiency. This week KiniBiz zooms in on the National Energy Efficiency Action Plan (NEEAP) and why it has raised an outcry. What happened to the previous masterplan? We break down the issue in four parts here.

Pick 2 — AirAsia not ready to move. Deputy transport minister said LCCT will be closed by May 9, but AirAsia is adamant they will not leave until all issues with klia2 are resolved. Are they even ready to move? The low-cost carrier claims they are but only wants to move “under the right circumstances”.

Pick 3 — Iskandar no longer the darling of Chinese? As the search goes on for missing flight MH370, backlash from China has grown. Will this come to haunt Iskandar Malaysia, previously dubbed the darling of Chinese investors? We seek an answer to that question here.

Pick 4 — The curious case of Khalid and Tropicana. Last week Selangor Mentri Besar Abdul Khalid Ibrahim demanded Tropicana pay RM844 million upfront for the 1,172-acre the developer bought from the state last year. But this goes against the sale agreement which allows Tropicana to pay RM1.3 billion over 20 years. Was this simply a sweetheart deal gone sour? Our resident cat stalks the curious issue here.

Pick 5 — Why give sanctity to unholy contracts? The concept of sanctity of contract is often called upon to uphold done-and-dusted agreements. But does that privilege extend to contracts that are unfair and questionable? KiniBiz founding editor P. Gunasegaram presents his argument here.

Pick 6 — Razaleigh on patronage and cronyism. At a book launch this week, former finance minister and UMNO chairman Tengku Razaleigh Hamzah or better known as Ku Li spoke extensively on patronage and cronyism, among others criticising Putrajaya for using Petronas as a cash cow and blaming the failure of the National Economic Policy (NEP) on rent-seeking and patronage. Read an excerpt from his speech here.

Pick 7 — Infrastructure unbound. Urban migration brings with it increased need for basic things: water, power and transport. But simply increasing infrastructure investments is not enough to promote growth and job creation, not least of which is because emerging economies often face budget constraints. World Bank Group chief Bertrand Badré argues the case for better planning, better prioritisation and more private financing here.

Hope that brings you up to speed over the weekend. If you like what you see, follow us on Facebook (click here) and Twitter (click here) so we can keep you updated with prompt alerts and timely updates on the latest business news.

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— Khairie Hisyam Aliman, Assistant News Editor