M Shanmugam The Alternative View

Recent and archived articles by M Shanmugam The Alternative View

12 Jan 2019 | 7:00 AM

Local contractors should take the lead in ECRL 2.0

INCREASINGLY, it looks quite certain that the highly contentious East Coast Rail Link (ECRL) project is set to resume.

CCCC’s role: A view of the second Penang Bridge. If financing from China is reduced, then CCCC’s role in the ECRL can be cut down. It has happened before in the second Penang Bridge project.
5 Jan 2019 | 7:00 AM

Political patronage debate is reason why reforms are needed

M. Shanmugam - The alternative view
THE intense debate on giving government contracts to political leaders in return for support is healthy. It is a sign that there are leaders within the government who are determined to see that the political patronage system that was pervasive in the old Barisan Nasional administration is dismantled.

High-level support: Syed Saddiq got the backing of the party’s top leadership after he slammed some party leaders asking for contracts to be given to Bersatu division heads.
29 Dec 2018 | 7:00 AM

A deposit that is legally right but morally wrong

IF some people have ever thought that the person with the RM190mil deposit in Tabung Haji had earned the money through illegal means, they are wrong.

22 Dec 2018 | 7:00 AM

PTPTN – The case for salary deduction

A steady stream of repayment allows the institution to monetise its loan portfolio and reduce government subsidy for the scheme

8 Dec 2018 | 7:00 AM

Value starts to emerge on local market

It is the best time to start looking at stocks as uncertainties continue to roil markets

Time to look: When everybody is fearful, perhaps it is time to start looking at that favourite stock you had always wanted to own. — AP
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

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
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.