Plan to unfreeze shares wins government approval

Article Abstract:

The government of Malaysia has approved the implementation of a proposal to liquidate the frozen shares of Malaysian companies that were formerly traded in Singapore under the Central Limit Order Book (CLOB) system. The plan, forwarded by Akhbar Khan, offers three options to investors in the CLOB shares that were frozen on Sep 15, 1998, when Malaysia imposed currency controls. The 170,000 investors, most of them based in Singapore, can opt to sell their shares, exchange them for new shares in a closed-end fund or keep the shares with no trade options for three to five years.

Government regulation (cont), Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Securities Brokerage, Securities Trading, Trading Regulations, Economic policy, Securities industry, Securities law

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Malaysia backs monorail

Article Abstract:

KL PRT Sdn. Bhd. will secure a 300-million-ringgit or $75.8 million concessionary loan from the Malaysian government to continue with its monorail project. However, terms of the deal were not revealed by Malaysian Transport Minister Datuk Seri Ling Liong Sik. Construction for 16-kilometer monorail project, which traverses through the heart of Kuala Lumpur in Malaysia, has stalled in early 1998 due to the country's financial slowdown. Analyst believe the loan grant will spark fresh criticism of the government's way of managing its economic crisis.

Comment:

Will secure a 300-mil-ringgit or $75.8 mil concessionary loan from Malaysian government to continue with its monorail project

All Other Heavy Construction, Receipt of funds, Transportation Construction, Article, KL PRT Sendirian Berhad

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Lesson from BST's plunge

Article Abstract:

Interest in Berjaya Sports Toto stock has dropped due to loans the company made to other businesses in the Berjaya conglomerate.

Financial analysis, All Other Amusement and Recreation Industries, Amusement and recreation, not elsewhere classified, Recreation NEC, Statistical Data Included, Leisure industry, Illustration, Recreation, Berjaya Sports Toto Bhd.

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