M Shanmugam

Recent and archived articles by M Shanmugam

13 Oct 2018 | 7:00 AM

The bears are not on Bursa yet

ANNOUNCEMENTS on new taxes and a painful Budget 2019 are just the excuses for investors to take their money out of Bursa Malaysia. The fact that Budget 2019 will not have generous handouts is well-known. The writing has been on the wall since May 9 this year when existing government jobs came under scrutiny.

8 Oct 2018 | 7:00 AM

Shifting away from PDP towards turnkey contractor

PETALING JAYA: The change in the terms of the contract for the MRT2 project whereby the consor­tium of MMC-Gamuda Joint Venture is to complete the works on a turnkey basis marks a shift away from the Project Delivery Partner (PDP) model that the government adopted for large projects.

6 Oct 2018 | 7:00 AM

End of an era in banking

The 1MDB blip should not obliterate Nazir’s role in CIMB and the capital markets

4 Oct 2018 | 7:00 AM

Sime to build Malaysia's largest property project alone; KWAP, Brunsfield out

PETALING JAYA: Sime Darby Property Bhd (SD Prop) will go it alone in the development of the 379,000-acre Malaysia Vision Valley (MVV) project.

Former Mentri Besar Datuk Seri Mohamad Hasan looking at a plan for the new 18km stretch from Nilai to Bandar Enstek via Labu. It is the first infrastructure project to be carried out under the MVV. - File pic
15 Sep 2018 | 7:00 AM

Money is cheap when it’s not yours

WHEN the money is not yours to begin with, there are no qualms about spending it. It does not matter if a hefty tip of a few hundred thousand is forked out to a waiter at the casino where you have run up a huge tab, or an expensive Ferrari is given as a wedding gift.

Expensive gifts: Jho Low reportedly presented expensive paintings to DiCaprio (left) and US$8mil worth of diamonds to Kerr. — AP
8 Sep 2018 | 7:00 AM

JJ’s RM2bil fortune and the weakness in wealth redistribution

The alternative view by M. Shanmugam
It shows the difficulty of being powerful and wealthy, and yet having empathy

1 Sep 2018 | 7:00 AM

Hey, it’s normal for Dr M to be abnormal!

THE opinion is divided on whether Prime Minister Tun Dr Mahathir Mohamad’s visit to China has brought more harm than good for Malaysia.

Fair trade: Li (right) speaks during a joint press conference with Dr Mahathir in Beijing. Dr Mahathir advocated that free trade should be fair trade and not a form of “colonialism” of the poorer nations by the more wealthy superpowers. — AFP
25 Aug 2018 | 7:00 AM

Face of LTAT, Boustead to exit

Lodin is poised to leave the two entities after serving 36 years at the helm and his departure may herald a change in the structure of LTAT

Right-hand man: Lodin is one of the heads of government linked companies who is expected to leave. Sources say it will only be a matter of weeks.
18 Aug 2018 | 7:00 AM

Who says populist policies are bad

IF the jury is still out on whether it pays to be truthful, the verdict is clear – there is certainly a premium for being transparent in revealing the true state of the country.

Better market: A man watches trading boards at a private stock market gallery in Kuala Lumpur. Malaysia is among the better performers in emerging markets, including China, when it comes to the currency and stock market. — AP
11 Aug 2018 | 7:00 AM

Implications of the RM19.4bil shortfall

The alternative view by M. Shanmugam
The immediate concern is the budget deficit for 2018 spiking to 4% if the GST refunds are made this year