An open question

Article Abstract:

Economists believe that the best way to avoid a banking crisis in Malaysia would be to open up the country's financial industry to full competition. Money is already present in the banking system, but new foreign capital is required to ensure that the ringgit remains steady while interest rates are permitted to decline. Economists feel that banks should be sold to foreigners or that the banking sector should be opened up and more banking licences allocated to foreign operators. This approach would bring in new investment and therefore boost liquidity.

Banking industry

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Young man in a hurry

Article Abstract:

New Malaysian tycoon John Soh Chee Wen remains inscrutable to most Kuala Lumpur analysts following a two-year buying spree that leaves him eyeing his 11th listed company. He remains in a legal tug-of-war with Samsudin Abu Hassan for Landmarks, a hotel and property company. Soh, 34, has assets that on paper give him a net worth of over 1 billion ringgit while he claims his debt is less than 300 million, despite having never sold a company. That may change in the coming year as he consolidates his holdings.

Appreciation, Businessmen, Wen, John Soh Chee

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Thinking big

Article Abstract:

Malaysian developer G. Gnanalingam plans to turn the Westport component of the Port Klang shipping complex into Malaysia's biggest port. Westport's current capacity is 1 million containers per year, but he sees capacity expanding to 3 million by 1998 and 5 million by 2000. Westport is a privatized government project now owned by Advance Synergy, Pembinaan Redzai and others. Westport operates with a minimal staff through the use of automation, and it will guarantee turnaround times.

Marine cargo handling, Ports, Planning, Shipping industry, Gnanalingam, G.

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