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Revisiting privatisation’s claims

KUALA LUMPUR: Several arguments have been advanced to justify privatisation since the 1980s. Privatisation has been advocated as an easy means to:

Has privatisation benefited the public?

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.

Northport inks privatisation deal

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.

Johor to accept only cash payment for privatisation projects

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.

UPENJ to review privatisation policy to ensure it benefits all

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.

Saudi crown prince to finalise US$533m privatisation deals this year

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.

More companies on privatisation trail

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.

Shareholders hope to get higher offer for Triumphal privatisation

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.

Guocoland sees active trade, privatisation candidate?

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.

What’s in store for The Store privatisation?

THE proposed privatisation of The Store Corp Bhd by the family of its founders seems to have taken an interesting twist.

Life Inspired has a chic new look

2020 is all about change, and Life Inspired did just that with a fresh makeover!

This month, we speak to 3 female icons about empowerment and more - read it for FREE this week.