M Shanmugam

Recent and archived articles by M Shanmugam

13 Jun 2018 | 12:30 AM

CCCC has placed bank guarantees of RM10b with MRL

PETALING JAYA: China Communications Construction Co (CCCC) has furnished Malaysia Rail Link Sdn Bhd (MRL) with RM10bil of bank guarantees as commitment for it to complete the East Coast Rail Link (ECRL) project.

9 Jun 2018 | 7:00 AM

Funding and rating agencies equally at fault

They never once raised the red flag on Malaysia taking on huge loans

Advance payment: A file picture showing works in progress at ECRL project site in Tunjong. The amount drawn down for the RM55bil project is close to RM20bil, which is 36 of the total amount allocated for the project but work done is nothing much to shout about – less than 12. — Bernama
9 Jun 2018 | 7:00 AM

The Petronas-Sarawak oil intrigue

Change in political landscape paves way for a decision on who has control over oil and gas resources once and for all

Setting a precedent: A worker cycles past Petronas LNG complex in Bintulu. The case between Petronas and Sarawak will be an interesting landmark because it sets the stage for other states such as Sabah and Terengganu to set up their own version of ‘Petros’.
6 Jun 2018 | 7:00 AM

Green light given despite red flags

Previous govt went ahead with gas pipeline project even though issues were raised.

2 Jun 2018 | 7:00 AM

Malaysia has reasons to walk away from ECRL

The alternative view by M. Shanmugam
ALREADY two railway projects – including the prestigious high-speed rail (HSR) between Kuala Lumpur and Singapore – have been scrapped, relieving at least RM100bil off the government’s expenditure.

Too costly: People viewing a model of the ECRL routes in Kota Baru, Kelantan. Dr Mahathir has stated that the cost of the project is too high and the terms are not favourable to Malaysia. — Bernama
1 Jun 2018 | 7:00 AM

RM20.7bil to drive the economy

PUTRAJAYA: Fresh from cutting railway projects amounting to more than RM100bil, the Government announced measures that will put some RM20.7bil into the hands of people to drive the economy.

Eye on the price: A worker showing the new price for a jar of Raya biscuits at Sunshine Farlim Shopping Mall, Penang.
1 Jun 2018 | 7:00 AM

Businesses and spending looking up

PETALING JAYA: With the three-month “tax holiday” beginning today following the zero-rating of the Goods and Services Tax, economists are expecting a surge in spending and business activities at a time when the world is facing uncertainties.

1 Jun 2018 | 7:00 AM

Out goes GST, in comes all the luxury spending

PETALING JAYA: From renovations to jewellery and even having their own personal trainers, Malay­sians are no longer holding back on their spending with the start of the “tax holiday” today.

26 May 2018 | 7:00 AM

There is a premium for being truthful

CAPITAL markets do not like surprises. Investors accord a premium to markets that are transparent. Investors tend to like capital markets where the government is not shy to reveal the true state of the national balance sheet.

25 May 2018 | 7:00 AM

Rare move by previous govt to demand cash from Khazanah

PETALING JAYA: The previous government’s redemption of a RM1.2bil debt paper issued to Khazanah Nasional Bhd in August last year is one of the rare occasions where it demanded for cash from its investments in the Malaysian sovereign wealth fund

A total of RM3bil in bonds were redeemed, some to settle 1MDB debts