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As the weekend arrives, we saw good news as Malaysia is in the Thomas Cup final now, having beaten Indonesia 3-0 last night. And we have yet another opportunity to end our 22-year drought in the competition.
While we cheer our national team on ahead of the final on Sunday however, have you seen these news, comments and analyses that you will only find at KiniBiz? If you have missed them, have a look:
Pick 1 — Bina Puri — looking beyond klia2. With our new, much-delayed airport klia2 is up and running, one very relieved party would be Bina Puri Holdings Berhad, one of the turnkey contractors of the airport which has received much flak — sometimes unfairly, it says — for klia2’s woes. KiniBiz also explores the company’s financial situation and what lies ahead. Read on here, here and here.
Pick 2 — Can MAS go bankrupt with RM3 billion in the bank? Much is being said about Malaysia Airlines including a rumour that it is shutting down on May 28, which the airline has refuted. Another thing often repeated is that it should file for bankruptcy as part of its restructuring plan. But can Malaysia Airlines do that even though it has a RM3 billion cash pile? Read on here.
Pick 3 — 1MDB’s fund manager linked to Singapore Ponzi king. When 1Malaysia Development Berhad (1MDB) filed its annual report last month, eyebrows were raised at its choice of a little-known Hong Kong firm to manage the RM7.18 billion it has parked in Cayman Islands. Now documents sighted by KiniBiz reveal dealings between the firm, Bridge Partners, and Singapore Ponzi king James Phang Wah who operated perhaps Singapore’s largest Ponzi scheme. Read about it here.
Pick 4 — Mid-year petrol price hike inevitable as CPI stabilises. When tabling Budget 2014 last October prime minister Najib Abdul Razak promised to cut 16% or RM7.3 billion of subsidy expenditure this year. But economists say this means another petrol price hike by mid-year is inevitable as petrol subsidy is further reduced. Read what they say here.
Pick 5 — Deeper issues in bulk property purchases. It has been more than a week since the four-unit cap on bulk property purchases took effect but real estate agents say the measure, aimed at curbing speculation by limited the number of units speculators can buy, is nearly meaningless. Read what they say here and what our resident cat thinks here.
Pick 6 — Mahathir as Proton chairman a disaster. Former prime minister Mahathir Mohamad is now Proton chairman 29 years after he handed over the keys to the first national car rolling off its production line as prime minister. But his appointment won’t make Proton’s problems go away, thinks our resident cat, whose arguments are presented here.
Pick 7 — Hudud and white-collar crime. The subject of hudud has been divisive every time it is raised. But amid the heated discussion on the law, what appears to have been overlooked in the discourse is how it will be applied to white-collar crime such as insider trading? Our resident cat ponders the issue here.
Have a good weekend with these reads. Like them? Get more and stay on the business pulse with us by following us on Facebook here and on Twitter here.
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