Tangled wires

Article Abstract:

Malaysia's overcrowded telecommunications sector may be rationalized by government fiat or, if businessman Lim Chee Wah has his way, market forces. Lim has proposed that his XVL Group lead a merger of Syarikat Telecom Wireless and mobile phone services Mobikom, MRCB Telecommunications, and Sapura Digital. The Economic Planning Unit likes the idea, but Deputy Prime Minister Datuk Seri Anwar Ibrahim is cool. Meanwhile, the government wants three of its five international gateway licensees to postpone operations until 1999, but talks are continuing.

Telecommunications, Telephone Communication, Mergers, acquisitions and divestments, Telecommunications services industry, Telecommunications industry

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Back to square one: the tangled tale of Malaysia's Ayer Molek

Article Abstract:

Malaysian rubber company Ayer Molek has inadvertently spawned a complex series of events that threatened to destroy a major financial company, generated lawsuits and police investigations, called into question Malaysia's justice system, and embarrassed the central bank. On Sept 8, Phileo Allied and Insas agreed to undo the set of transactions that led to the present impasse, a solution uniquely Malaysian in its forthright simplicity and irrelevance to the real problem. Many questions remain about contracts in Kuala Lumpur.

RUBBER AND MISC. PLASTICS PRODUCTS, Rubber Products, Rubber Product Manufacturing, Securities, Securities fraud, Ayer Molek Rubber Company Bhd.

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Easing the squeeze

Article Abstract:

The Malaysian government is focusing on economic growth in June 1998, by reducing austerity measures which were introduced by the International Monetary Fund (IMF) as a requirement to financial assistance at the end of 1997. The government has promised to inject up to $2.9 billion into the economy, after announcing spending cuts in late 1997. South Korea's government is seeking to inject up to $3.7 billion into the economy, which would go against the wishes of the IMF for economic stability.

Administration of General Economic Programs, Foreign Economic & Financial Assistance, Management, South Korea, International Monetary Fund, Economic development, Economic assistance, Foreign economic assistance

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