M Shanmugam

Recent and archived articles by M Shanmugam

1 Dec 2018 | 7:00 AM

How low should GLC executives be paid?

Nobody really has an answer to the appropriate remuneration package that those heading GLCs should get

24 Nov 2018 | 7:00 AM

Not being aware of 1MDB’s shenanigans is inexcusable

IT is increasingly difficult to describe Low Taek Jho, aka Jho Low, as a fugitive businessman because his business, as alleged by the US Department of Justice (DoJ), seems to be coming up with schemes to divert funds due to 1Malaysia Development Bhd (1MDB).

21 Nov 2018 | 7:00 AM

Felda needs govt guarantees for external funds, debts at RM8.05bil

PETALING JAYA: The Federal Land Development Authority (Felda), the authority that is saddled with debts of RM8.05bil, is expected to see its cash balance drop to about RM100mil by year-end, hampering efforts for external funding, according to sources

Felda has a new chairman in Tan Sri Megat Zaharuddin Megat Mohd Nor, whose immediate task is to see to it that Felda’s finances improve.  It has been reported that Felda’s debt is expected to be reduced to RM6bil from RM8.05bil from the proceeds of the sale of assets by the end of this year – something that could help its case for more borrowings from banks.
17 Nov 2018 | 7:00 AM

New appointments suggest hidden hands at work

The alternative view - By M. Shanmugam
THE television series Yes Minister in the 1980s and its sequel, Yes, Prime Minister, is a political satire on a minister in the British government whose moves to bring about changes is opposed by the civil service.

10 Nov 2018 | 7:00 AM

Petronas special dividend should be a special payout

THE special dividend of RM30bil by Petroliam Nasional Bhd (Petronas) that was announced in Budget 2019 was a surprise.

Cash reserves: A worker is seen at a construction site, with the Petronas Twin Towers in the background. According to Moody’s, Petronas’ net cash position was RM97bil as at end-June 2018.
3 Nov 2018 | 7:00 AM

Implications of Leissner’s ‘confessions’

ON Thursday, Goldman Sachs’ Tim Leissner pleaded guilty in a court in New York to charges of conspiring to launder money and pay bribes as well as kick-backs from the proceeds raised via 1Malaysia Development Bhd (1MDB).

Guilty as charged: Leissner’s guilty plea has already cast doubts on the integrity of several of his associates in Goldman Sachs. — Bloomberg
1 Nov 2018 | 7:00 AM

10 things to look out for in Budget 2019

Analysis - By M. Shanmugam
IF the mid-term review of the 11th Malaysia Plan is a gauge of how the Pakatan Harapan government will frame economic policies, then Budget 2019, to be unveiled tomorrow, will be different.

Rising figures: The government is expected to incur a larger subsidy bill as it has maintained the pump price of RON95 and diesel despite the global oil price rising.
27 Oct 2018 | 7:00 AM

What’s so special about taxi drivers?

The Alternative View - By M Shanmugam
The print version of The Malay Mail, a 121-year-old newspaper, will stop on Dec 1. The paper, which at one time commanded a circulation of more than 60,000 copies, is the latest victim of disruptive technology in the media world.

Cabbies protest: A file picture showing taxi drivers holding a protest in front of the Finance Ministry. — Bernama
22 Oct 2018 | 7:00 AM

Eyes on who replaces Tajuddin

Preference is to appoint someone with experience to run Bursa M’sia

Sources said that the board have been looking at several candidates from within and outside the exchange to replace chief executive officer Datuk Seri Tajuddin Atan(pic), who will complete his contract by end-March next year.
20 Oct 2018 | 7:00 AM

Institutional reforms more vital than toll abolishment

FINALLY, the Pakatan Harapan government has admitted that it is not able to fulfil its pre-election pledge of abolishing tolls. For ordinary folk, it will not go down well, for now.

Likely scenario: Removing tolls completely is not possible. A reduction of rates in the future is possible, but the economic returns from institutional reforms are much greater.