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This week the nation was rocked by the sudden passing of political giant Karpal Singh two days ago. Both political divides came together to remember a man who seemed like he has been in politics forever. Throughout the week we also brought you news, analyses and comments you won’t find anywhere else, and here are some of the best.
Pick 1 — Breaking up Sime Darby. In the second part of the two-week series, this week we examined Sime Darby’s Motors, Industrial and Energy & Utilities division. We then conclude by looking at the value creation from demerging Sime Darby, which actually comes to RM20 billion in extra value. Read the second half of the series here, here, here and here.
Pick 2 — RM1.8 billion loss at 1MDB? State investment fund 1MDB finally filed its long-delayed accounts and based on the abbreviated accounts, it made RM877.7 million in pre-tax profits for FY13. But a foreign news report said 1MDB saw land revaluation gains of some RM2.7 billion for FY13. Does that mean 1MDB actually lost some RM1.8 billion? The Companies Commission’s outdated system was of no help. Read about it here.
Pick 3 — Up to RM6 billion for fighter jets? Replace or not to replace our ageing MiG-29N fighter jets, that is the question. While our royal Air Force has not decided, word is they’ll accept proposals soon, and if we do replace then it may cost up to RM6 billion. Read on here.
Pick 4 — A tribute to Karpal Singh. In his Question Time column this week, KiniBiz founding editor P. Gunasegaram pays tribute to the late Karpal Singh, one of Malaysia’s greatest men and patriot. Read on here.
Pick 5 — Syed Mokhtar cutting losses at Albukhary University? There is much ado at Albukhary International University, with some students filing a lawsuit over its closure. The big question is how likely would this university, funded by the Albukhary Foundation backed by businessman Syed Mokhtar Albukhary, be facing financial trouble. Is Syed Mokhtar finding charity a drain on his resources? Tiger prowls on the matter here.
Pick 6 — High tech fuels real estate prices. So what has technological advances got to do with real estate prices? Adair Turner, former chairman of the UK Financial Services Authority, argues that the power of technology only makes physical land more valuable, the price of which is rising relentlessly because of rapid technological progress. Read on here.
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– By Khairie Hisyam Aliman, Assistant News Editor