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Malaysia's Corruption Perceptions Index (CPI) rated by Transparency International (TI) for this year has slipped 0.2 points, but is still among the top five in Asia.
Institutional investors have so far bid for two to three times the US$330mil in shares being sold by China Power International Development, a unit of the mainland's largest power generation group China Power Investment Corp (CPI Group), the I>Standard /I>said quoting sources.
The private sector should go beyond compliance with the existing statutory structure to adopt a greater level of transparency and accountability in business transactions, said Transparency International Malaysia president Tunku Abdul Aziz Tunku Ibrahim.