Debt problems are hurting the nation's public sector

Article Abstract:

Malaysia's federal government has directed its Corporate Debt Restructuring Committee to restructure the 5.5 billion ringgit debt of Johor Corp., the Johor state government investment unit. The unusual order has caused bankers to worry that the government will not stand behind the public-sector debt, estimated at 77.23 billion ringgit.

Public Finance Activities, Government revenues, Government Liabilities & Debt, Statistical Data Included, National debt, Public debts, Johor Corp.

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Malaysia stocks unleashed: Kuala Lumpur Industrial and Rahman rally

Article Abstract:

Malaysia's stock exchange demonstrated a surprising Jul 14, 1997 rally as two issues regained trading superiority. Kuala Lumpur Industrial Holdings Bhd and Rahman Hydraulic Tin Bhd both posted an increasing share indexes after a 53-day trading suspension which started April 1997. Investors, however were wary that the rally was not convincing for big investors to take the plunge. The gains, however manifested the two companies' impending joint venture.

Land Subdivision and Land Development, Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Subdividers & Developers, Subdividers and Developers, Real estate developers, Stock-exchange, Stock exchanges, Exchanges, Securities, Kuala Lumpur Industrial Holdings Bhd., Rahman Hydraulic Tin Bhd.

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Lion to sell half its assets; bid to survive may represent start of trend

Article Abstract:

Lion Group has engaged in a series of self-initiated restructuring campaigns to ease its financial burden. Lion is Malaysia's largest borrower, covering about 2.5% of all the bank loans in the country. Tan Sri William Cheng plans to sell 9.8 billion ringgit in assets in 1999 to pay for about three billion ringgit of its debt which is due over the next two years. Other companies may have to emulate Lion's strategy to cope with the losses brought about by the declining Malaysian economy.

Diversified Companies, Conglomerate corporations, Economic development, Lion Corporation Bhd.

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