Privatization pioneer

Article Abstract:

Malaysia leads the region and perhaps the world in the scope and success of its privatizations, but repeatedly faces charges of favoritism and excess in its awards. In the process the government has transferred 92,700 employees to the private sector and slashed its own investment costs, lowering its debt-service ratio below 2%. Many of the contracts awarded include land as a sweetener, a popular inducement that only works in a growing economy. Huge projects also worry some analysts concerned about oversight and planning.

Economic aspects

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No urge to merge: Malaysia reverses decision to prune telecoms sector

Article Abstract:

Malaysia's telecommunications sector endured another reversal of policy on July 4, 1996 when a plan to rationalize the sector and bar some of the seven existing companies from operation was scrapped. National utility Telekom Malaysia saw its share price briefly plunge on the news, though it is considered likely to weather any shakeout that results, as is Time Telecommunications. A level playing field will come in 1999, though Telekom Malaysia will keep privileged access to its customer base until 1998.

Telecommunications, Regulation and Administration of Communications, Electric, Gas, and Other Utilities, Telephone Communication, Telecommunications Regulation, Laws, regulations and rules, Telecommunications services industry, Telecommunications industry, Telecommunications regulations, Economic policy

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The lion's share?

Article Abstract:

The Malaysian government has encountered problems in privatizing Perwaja Terengganu, a loss-making steel concern. The government set up a consortium with Lion Group holding a 30% stake, Maju Holdings with 51% and Khazanah Holdings with 19%. The government asked for a contribution for the steel company, but Lion seeks management control. Maju and Lion have also reportedly ceased to communicate. The government has to persuade Lion to co-operate or replace it.

Iron and Steel Mills, Blast furnaces and steel mills, Blast Furnaces & Steel Mills, Mergers, acquisitions and divestments, Investments, Steel industry, Perwaja Trengganu Sdn. Bhd., Lion Corporation Bhd.

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