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The country's largest investment bank yesterday had three good reasons to smile. Commerce International Merchant Bankers Bhd (CIMB) brought three new issues to Bursa Malaysia - TH Plantations Bhd and call warrants for AirAsia Bhd and Tenaga Nasional Bhd - and all registered big gains on significant volume.
The potential savings from the revamp of procurement processes and procedures of 15 government-linked companies (GLCs) would range from RM4bil to RM9bil but Prime Minister Datuk Seri Abdullah Ahmad Badawi wants to see more.
Improvements to the country's public transportation system will now have to be done via private finance initiatives (PFI) as the RM4.4bil gain from the cut in the fuel subsidy has been wiped out by higher global oil prices.
One book tells directors of GLCs how to be a good corporate citizen, and the other on how to make sure wastage and corrupt activities are kept at bay. The Green and Red Books were presented to the chiefs of some of the biggest corporations in the country, and would serve as a guideline as to what needs to be done in the medium term.