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KUALA LUMPUR: Several arguments have been advanced to justify privatisation since the 1980s. Privatisation has been advocated as an easy means to:
KUALA LUMPUR: In most cases of privatisation, some outcomes benefit some, which serves to legitimise the change. Nevertheless, overall net welfare improvements are the exception, not the rule.
PETALING JAYA: Northport (M) Bhd, a subsidiary of an MMC Group member, has signed a privatisation agreement for the operations of Northport and Southpoint in Port Klang.
NUSAJAYA: The state government will not accept payment “in-kind” for new privatisation projects to ensure that it does not lose out in the end.
NUSAJAYA: The Johor State Economic Planning Unit (UPENJ) is currently reviewing the privatisation policy in the state by comparing the privatisation projects in Johor with those in other states.
RIYADH: Saudi Arabia's crown prince said on Sunday that the government will finalise privatisation deals worth 2 billion riyals ($533 million) before the end of this year, according to an interview with the Saudi-owned Asharq al-Awsat newspaper.
ASIDE from Tan Sri Dr Chen Lip Keong’s privatisation plans for Karambunai Corp Bhd and Petaling Tin Bhd, there are other company owners doing the same.
PETALING JAYA: Permodalan Nasional Bhd (PNB), which holds a 12.18% stake in Triumphal Associates Bhd, may hold the key for minority shareholders seeking a higher value than the RM1 offered in the planned privatisation of manufacturer and distributor of heavy machinery spare parts company. With less than a month for minorities to vote on the resolution, some are unhappy over what is seen as an offer that is “grossly unfair” given that it came at a 65% discount to the company’s book value.
Shares of Guocoland Bhd rose to a high of RM1.05 early Tuesday as it was viewed as a privatisation candidate while Hwang DBS Vickers Research (HDBSVR) had a fair value of RM1.45.
THE proposed privatisation of The Store Corp Bhd by the family of its founders seems to have taken an interesting twist.