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Malaysian Elections coming!

April 11, 2013
April 10, 2013

Malaysia Sets Elections in Big Test for Ruling Party

HONG KONG — Malaysia scheduled national elections for May 5 on Wednesday, setting the stage for the biggest test of the governing party’s dominance since the country gained independence from Britain more than five decades ago.

The country’s elections chairman, Abdul Aziz Yusof, said candidates would be nominated April 20, allowing for a two-week campaign.

The elections come as Prime Minister Najib Razak has been struggling to hold together the multiethnic coalition, known as the National Front, that has long governed the country. That coalition is composed of three parties that define themselves along racial lines: one for Malays, the country’s largest ethnic group; one for Chinese; and one for Indians.

Recent opinion polls have suggested that Mr. Najib holds a slim majority, with the National Front losing its once-powerful edge as ethnic Chinese have abandoned the coalition. Ethnic Chinese voters who have long supported the governing coalition have shown dissatisfaction with the longstanding preferences given to ethnic Malays in land purchases and bank loans, as well as in university admissions.

Mr. Najib’s most formidable opponent is Anwar Ibrahim, a former deputy prime minister running with the People’s Alliance, which in 2008 balloting captured 5 of Malaysia’s 13 states.

In a statement issued Wednesday, the Malaysian government said Mr. Najib welcomed the elections and the chance to make his case to voters.

“This election is a choice between sticking with a competent, reform-minded government and risking our prosperity on a fractious, inexperienced opposition, whose manifesto doesn’t add up,” the statement said.

The announcement of a date for the elections came one week after Mr. Najib announced that he was dissolving Parliament in a speech on national television in which he sounded defensive.

“Don’t gamble the future of your children and Malaysia,” he said in the address. “Think and contemplate as much as you can before making a decision, because that will determine the direction of the country and also your grandchildren’s future.”

The two-week campaign period is shorter than the 21-day period that an electoral reform group, Bersih, had recommended. But political parties have already begun campaigning.

Mr. Najib has one major advantage: the governing coalition’s longstanding influence over major media outlets. On Wednesday, the Web site of The New Straits Times, a leading English-language newspaper, prominently featured an article suggesting that Mr. Anwar, the opposition candidate, “did not have a firm stand on matters pertaining to Islam” despite the fact that he “portrayed himself as an Islamic figure.”

 

Managing succession in Asian family firms

February 23, 2012
Managing succession in Asian family firms

Reseach shows such firms have had significant wealth loss during their succession processes

By KATHRYN YAP

FAMILY businesses in Singapore command a prominent role in the domestic economy and capital market.

They account for 63 per cent of listed companies in Singapore and a combined total market capitalisation that is 140 per cent of the country's nominal GDP, according to the Asian Family Businesses Report 2011 by the Credit Suisse Emergi...


Continue reading...
 

Infrastructure theme may be sound play

April 19, 2011

 


Business Times - 16 Apr 2011

SHOW ME THE MONEY
Infrastructure theme may be sound play

Timing may be just right given projections of heavy investments in the sector in Asia over the next decade

By TEH HOOI LING
SENIOR CORRESPONDENT

BETWEEN 2001 and last year, India's gross national product in local currency at current market prices grew by an average 12.7 per cent a year, according to data from the International Monetary Fund. Despite the rapid economic growth and continued...


Continue reading...
 

Portugal stokes fears, sending S$ soaring

January 11, 2011


Business Times - 11 Jan 2011


European debts back in focus; good odds for more MAS tightening this year

By EMILYN YAP

(SINGAPORE) The Singapore dollar hit a year-high against the euro yesterday as markets grew increasingly anxious over the ability of some European nations to raise funds this week.

Worries about upcoming bond sales by Portugal, Spain and Italy sank the euro to S$1.68 at 8pm yesterday. It has fallen significantly from its high of S$2.02 at the start of last year.

...


Continue reading...
 

Singapore rebounds in spectacular fashion

January 6, 2011

Economists predict this is Singapore's year. -The Brunei Times/ANN

Thu, Sep 16, 2010
The Brunei Times/ANN

This is Singapore's year, predicts economists as Singapore "upgraded its 2010 forecast to a blistering 13 to 15 per cent expansion", which is a steep rise from an earlier estimate of 7-9 per cent growth, AFP reported in mid-July.

Despite worries over the US economy and the European debt crisis, the island state is set to overtake China's growth of 10 per cent.

Having the world'...


Continue reading...
 

High-end condos can't keep pace with mass-market hikes

January 6, 2011

Prices in Non-Central region top pre-crisis high, Central region 3.7% below peak.

Fri, Dec 31, 2010
The Business Times

By Kalpana Rashiwala

SINGAPORE - The latest flash estimates for November from the National University of Singapore (NUS) show that prices of non-landed private homes in Singapore's Central region (districts 1-4 and 9-11) have appreciated 7.9 per cent in the first 11 months of this year from end-2009.

Over the same period, the Singapore Residential Price Index (SRPI) sub-in...


Continue reading...
 

S'pore economy blazes to the top

July 15, 2010

Surprisingly good performance of the biomedical manufacturing cluster gave economy a boost. 


Thu, Jul 15, 2010
my paper

SINGAPORE expects its economy to soar as much as 15 per cent this year after record expansion in the second quarter, making it possibly the world's fastest-growing economy this year.

The Ministry of Trade and Industry (MTI) yesterday sharply revised the country's annual economic- growth forecast to a sizzling 13-15 per cent.

This new estimate - adjusted upwards for the third time...


Continue reading...
 

Najib tries to balance growth with politics

June 14, 2010

Business Times - 11 Jun 2010


M'sia spells out 5-year plan but takes care not to offend Malays with policy reversal

By S JAYASANKARAN 
IN KUALA LUMPUR

MALAYSIA plans to cut its budget deficit to less than half the current levels over the next five years while spending handsomely and growing the incomes of its citizens. But its leaders will not pull the plug on the New Economic Policy (NEP) and some perks traditionally enjoyed by bumiputras.

The country's next five-year plan envisages a RM230 billio...


Continue reading...
 

MAHB Q1 profit down despite revenue jump

May 18, 2010
Published May 18, 2010 BT Singapore

Adoption of new accounting standard, last year's high base cited as reasons

By PAULINE NG 
IN KUALA LUMPUR

MALAYSIA Airports Holdings Bhd (MAHB) lifted revenue 12 per cent to RM436.4 million (S$189.3 million) for the first quarter ended March as passenger movements rose about a fifth from a year back.

International passenger numbers improved 31.4 per cent and domestic numbers almost 13 per cent as recession fears eased.

Profit was lower at RM72.6 million versus R...


Continue reading...
 

Saving capitalism from itself

May 2, 2010
Published May 1, 2010


Economist Roger Bootle dishes on the fundamental flaws in economic and market theory. By Anna Teo

WHEN his book The Death of Inflation first hit the streets in 1996, Roger Bootle strode proudly into his local bookstore, expecting to see it prominently displayed. To his dismay, it was nowhere around, though he later found it - in the fiction section, under 'murder mystery'. No such confusion greeted the British economist's next two books, with just a touch of intrigue for T...


Continue reading...
 

Malaysian Elections coming!

April 11, 2013
April 10, 2013

Malaysia Sets Elections in Big Test for Ruling Party

HONG KONG — Malaysia scheduled national elections for May 5 on Wednesday, setting the stage for the biggest test of the governing party’s dominance since the country gained independence from Britain more than five decades ago.

The country’s elections chairman, Abdul Aziz Yusof, said candidates would be nominated April 20, allowing for a two-week campaign.

The elections come as Prime Minister Najib Razak has been struggling to hold together the multiethnic coalition, known as the National Front, that has long governed the country. That coalition is composed of three parties that define themselves along racial lines: one for Malays, the country’s largest ethnic group; one for Chinese; and one for Indians.

Recent opinion polls have suggested that Mr. Najib holds a slim majority, with the National Front losing its once-powerful edge as ethnic Chinese have abandoned the coalition. Ethnic Chinese voters who have long supported the governing coalition have shown dissatisfaction with the longstanding preferences given to ethnic Malays in land purchases and bank loans, as well as in university admissions.

Mr. Najib’s most formidable opponent is Anwar Ibrahim, a former deputy prime minister running with the People’s Alliance, which in 2008 balloting captured 5 of Malaysia’s 13 states.

In a statement issued Wednesday, the Malaysian government said Mr. Najib welcomed the elections and the chance to make his case to voters.

“This election is a choice between sticking with a competent, reform-minded government and risking our prosperity on a fractious, inexperienced opposition, whose manifesto doesn’t add up,” the statement said.

The announcement of a date for the elections came one week after Mr. Najib announced that he was dissolving Parliament in a speech on national television in which he sounded defensive.

“Don’t gamble the future of your children and Malaysia,” he said in the address. “Think and contemplate as much as you can before making a decision, because that will determine the direction of the country and also your grandchildren’s future.”

The two-week campaign period is shorter than the 21-day period that an electoral reform group, Bersih, had recommended. But political parties have already begun campaigning.

Mr. Najib has one major advantage: the governing coalition’s longstanding influence over major media outlets. On Wednesday, the Web site of The New Straits Times, a leading English-language newspaper, prominently featured an article suggesting that Mr. Anwar, the opposition candidate, “did not have a firm stand on matters pertaining to Islam” despite the fact that he “portrayed himself as an Islamic figure.”

 

Managing succession in Asian family firms

February 23, 2012
Managing succession in Asian family firms

Reseach shows such firms have had significant wealth loss during their succession processes

By KATHRYN YAP

FAMILY businesses in Singapore command a prominent role in the domestic economy and capital market.

They account for 63 per cent of listed companies in Singapore and a combined total market capitalisation that is 140 per cent of the country's nominal GDP, according to the Asian Family Businesses Report 2011 by the Credit Suisse Emergi...


Continue reading...
 

Infrastructure theme may be sound play

April 19, 2011

 


Business Times - 16 Apr 2011

SHOW ME THE MONEY
Infrastructure theme may be sound play

Timing may be just right given projections of heavy investments in the sector in Asia over the next decade

By TEH HOOI LING
SENIOR CORRESPONDENT

BETWEEN 2001 and last year, India's gross national product in local currency at current market prices grew by an average 12.7 per cent a year, according to data from the International Monetary Fund. Despite the rapid economic growth and continued...


Continue reading...
 

Portugal stokes fears, sending S$ soaring

January 11, 2011


Business Times - 11 Jan 2011


European debts back in focus; good odds for more MAS tightening this year

By EMILYN YAP

(SINGAPORE) The Singapore dollar hit a year-high against the euro yesterday as markets grew increasingly anxious over the ability of some European nations to raise funds this week.

Worries about upcoming bond sales by Portugal, Spain and Italy sank the euro to S$1.68 at 8pm yesterday. It has fallen significantly from its high of S$2.02 at the start of last year.

...


Continue reading...
 

Singapore rebounds in spectacular fashion

January 6, 2011

Economists predict this is Singapore's year. -The Brunei Times/ANN

Thu, Sep 16, 2010
The Brunei Times/ANN

This is Singapore's year, predicts economists as Singapore "upgraded its 2010 forecast to a blistering 13 to 15 per cent expansion", which is a steep rise from an earlier estimate of 7-9 per cent growth, AFP reported in mid-July.

Despite worries over the US economy and the European debt crisis, the island state is set to overtake China's growth of 10 per cent.

Having the world'...


Continue reading...
 

High-end condos can't keep pace with mass-market hikes

January 6, 2011

Prices in Non-Central region top pre-crisis high, Central region 3.7% below peak.

Fri, Dec 31, 2010
The Business Times

By Kalpana Rashiwala

SINGAPORE - The latest flash estimates for November from the National University of Singapore (NUS) show that prices of non-landed private homes in Singapore's Central region (districts 1-4 and 9-11) have appreciated 7.9 per cent in the first 11 months of this year from end-2009.

Over the same period, the Singapore Residential Price Index (SRPI) sub-in...


Continue reading...
 

S'pore economy blazes to the top

July 15, 2010

Surprisingly good performance of the biomedical manufacturing cluster gave economy a boost. 


Thu, Jul 15, 2010
my paper

SINGAPORE expects its economy to soar as much as 15 per cent this year after record expansion in the second quarter, making it possibly the world's fastest-growing economy this year.

The Ministry of Trade and Industry (MTI) yesterday sharply revised the country's annual economic- growth forecast to a sizzling 13-15 per cent.

This new estimate - adjusted upwards for the third time...


Continue reading...
 

Najib tries to balance growth with politics

June 14, 2010

Business Times - 11 Jun 2010


M'sia spells out 5-year plan but takes care not to offend Malays with policy reversal

By S JAYASANKARAN 
IN KUALA LUMPUR

MALAYSIA plans to cut its budget deficit to less than half the current levels over the next five years while spending handsomely and growing the incomes of its citizens. But its leaders will not pull the plug on the New Economic Policy (NEP) and some perks traditionally enjoyed by bumiputras.

The country's next five-year plan envisages a RM230 billio...


Continue reading...
 

MAHB Q1 profit down despite revenue jump

May 18, 2010
Published May 18, 2010 BT Singapore

Adoption of new accounting standard, last year's high base cited as reasons

By PAULINE NG 
IN KUALA LUMPUR

MALAYSIA Airports Holdings Bhd (MAHB) lifted revenue 12 per cent to RM436.4 million (S$189.3 million) for the first quarter ended March as passenger movements rose about a fifth from a year back.

International passenger numbers improved 31.4 per cent and domestic numbers almost 13 per cent as recession fears eased.

Profit was lower at RM72.6 million versus R...


Continue reading...
 

Saving capitalism from itself

May 2, 2010
Published May 1, 2010


Economist Roger Bootle dishes on the fundamental flaws in economic and market theory. By Anna Teo

WHEN his book The Death of Inflation first hit the streets in 1996, Roger Bootle strode proudly into his local bookstore, expecting to see it prominently displayed. To his dismay, it was nowhere around, though he later found it - in the fiction section, under 'murder mystery'. No such confusion greeted the British economist's next two books, with just a touch of intrigue for T...


Continue reading...
 

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