Peace offering: Malaysian media deal seals political truce

Article Abstract:

The English-language Malaysian daily New Straits Times (NST) and the only private TV station System Television Malaysia or TV3 will be paid $308 million by four senior executives for the control of the two organizations from the ruling party's main corporate entity Renong. This media contract is said to signify a peaceful coming together of the two factions of the country's ruling party headed by Finance Minister DatukSeri Anwar Ibrahim and Tun Daim Zainuddin. This deal could also serve as the foundation of what might become one of the biggest private media corporations in Southeast Asia.

Newspapers, Television broadcasting stations, Mergers, acquisitions and divestments, Television broadcasting industry, Political aspects, Mass media, Renong Bhd., New Straits Times Press (Malaysia) Bhd.

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Turning over a new leaf: Malaysian logging firms look to diversify

Article Abstract:

Timber companies in the East Malaysian state of Sarawak, controlled by wealthy ethnic-Chinese families, are attempting to forestall a drop in profits by moving into other industries. Falling profits in the logging industry are likely due to depletion of forests and opposition from environmentalists. Consequently, the Sam Ling timber group has bought a 60% interest in Mun Loong, a Malaysian department-store chain.

Forest products industry, Sarawak, Malaysia

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