Malaysia auto czar cracks whip, but skeptics wonder
Article Abstract:
Perusahaan Otomobil Nasional Bhd. (Proton) Chmn. Tan Sri Yahaya Ahmad is taking a tough approach to managing Malaysia's car industry. He warned Proton's parts suppliers to shape up or lose to a second national joint venture between state-owned Permodalan Nasional Bhd. and Japan's Daihatsu Motor Co. Industry officials and bankers, however, are skeptical while Proton workers who are accustomed to a permissive atmosphere resent Ahdan's style of management. They believe that Ahdan's concern for the industry is driven by his need to protect his own interests.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Pros warm up to Proton; with eye on profits, investors clamor for shares
Article Abstract:
Phenomenal profits stemming from cost-cutting measures and a weaker yen are attracting investors to Perusahaan Otomobil Nasional stocks. Share price has leaped from 8.85 ringgit ($3.50) in Jan. 1996 to 16 ringgit on Nov. 1, making it a good short- to medium-term investment. Executive chairman and main shareholder Tan Sri Yahaya Ahmad has introduced several measures that have helped save almost 60 million ringgit. With the company sourcing many components from Japan, the robust ringgit against the yen has also boosted profits.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Hicom succession is settled
Article Abstract:
Mohamed Saleh Sulong's appointment as new chairman of the DRB-Hicom group and national car manufacturer Perusahaan Otomobil Nasional Bhd. (Proton) resolves the issue of succession at DRB-Hicom. Datuk Saleh's appointment came after the passing of Hicom's controlling shareholder, Tan Sri Yahaya Ahmad. The Malaysian government support the group's new management. Datuk Saleh's urgent mission is to convince investors that he is deserving of his appointment.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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