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Lesen Terbang, Saham junam, Kadir Jasin dll
By Kapal Berita
4/10/2000 8:51 am Wed
ANTARA BERITA MENARIK:
Tuesday, October 3 11:34 AM SGT
Philippines SEC Orders National Steel Liquidation
MANILA (Dow Jones)--The Philippines government Tuesday ordered National
Steel Corp. (Q.NSC) to be wound up after the ailing steelmaker failed to find a new
investor to infuse much-needed fresh capital into the company.
"We are preparing the order for the liquidation," Philippines Securities and
Exchange Commission Chairwoman Lilia Bautista told reporters.
(MORE) Dow Jones Newswires 03-10-00
KLSE: KL SHARES LOWER IN EARLY SESSION
KUALA LUMPUR, Oct 3 (Bernama) -- Share prices on the Kuala Lumpur Stock Exchange
Tuesday were weaker in early morning, reflecting the current weak sentiment in the market.
At 9.20 am, the Composite Index fell 2.55 points to 701.40 after dipping to a low of 699.72.
The Emas Index dropped 0.70 of a point to 170.55, the Industrial Index lost 4.57 points to
1,270.07 and the Second Board Index lost 0.26 of a point to 166.55.
Losers outnumbered gainers by 155 to 40 while 48 counters were unchanged and 765 untraded.
The market is likely to stay weak on lack of interests from investors nd the CI testing the
support level of 700 points, a dealer said.
He said the only reason why the CI had been staying above 700 in recent weeks was due to the
continuing support provided by institutional investors buying selective bluechips.
This was reflected in the trading of the active counters today. For instance, Tenaga Nasional
rose 10 sen to RM11.50, Public Bank gained one sen to RM2.80, Commerce-Asset Holdings
rose 10 sen to RM9.05 and Pan Malaysian Industries stayed at 31 sen.
Bluechip Maybank remained at RM14.80, Telekom fell 15 sen to RM9.95 and Genting shed 10
sen to RM9.55.
Monday, October 2 5:54 PM SGT
Malaysian Shrs Down On Oil Price Hike, Weak
KUALA LUMPUR (Dow Jones)--Malaysian shares took a beating Monday
with the key index ending down 1.3% as investors reduced their holdings in
the absence of fresh leads, and concerns over a possible increase in
inflation after the government increased fuel prices Sunday.
Traders said investors were also concerned about weak regional markets,
including those in Taiwan and Korea, which were hit by fears of slowing
demand for computers and electronic components.
As a result, technology stocks in Malaysia were sold down Monday with the
Technology Index closing down 5% at 79.26 points.
The benchmark Composite Index, which tracks 100 key stocks, ended at
703.95 points, just above its intraday low of 701.01, but 9.56 points lower
than Friday's close of 713.51.
Decliners led advancers 711 to 39, with 58 shares unchanged and 197
Volume was moderate at 117.5 million shares valued at 337.6 million ringgit
Sunday, the Malaysian government raised the price of retail gasoline by 9%
or 10 sen per liter. The new price hike is at the higher end of analysts'
expectations of a 7% to 9% price rise in retail gasoline prices.
While the 700 points level held Monday, traders said the market is likely to
test that level Tuesday.
Among actively traded stocks, Tenaga Nasional Bhd. bucked the negative
trend by closing up 0.9% at MYR11.40.
Traders said a recent price hike in liquified natural gas, used for power
generation, is likely to be offset by a rise in tariffs.
Shares of Technology Resources Industries Bhd. closed 9.2% down at
MYR2.64 on fears that its Eurobond-holders are likely to react negatively to
the company's plan to extend its repayment period.
Shares of construction company Gamuda Bhd. fell 12.5% at MYR3.50 on
selling by foreign investors, but it's not clear why they were selling, analysts
Malaysia trio in bid to buy news agency and state TV, radio
KUALA LUMPUR, Oct 2 (AFP) - Three Malaysians have submitted a bid to buy the
national news agency Bernama and state radio and TV stations from the government,
one of the trio said Monday.
Jalaluddin Baharuddin, a former press secretary to Prime Minister Mahathir Mohamad,
confirmed a report in The Edge business magazine Sunday.
The others involved are Abdul Kadir Jasin, who stepped down as editor in chief of the
New Straits Times newspaper group in January, and Mohamad Ibrahim Mohamad Nor,
managing director of rice exporter Padiberas Nasional.
"We have submitted a proposal to the EPU (the government's Economic Planning Unit)
and are waiting for them to respond," Jalaluddin told AFP.
Bernama is now a statutory body under the information ministry.
The deal, if approved, would also include Radio Television Malaysia 2, six radio stations
and the National Film Development Corporation, which are also currently under the
Kadir Jasin was appointed chairman of Bernama's board on September 1. The
government had been planning to privatise the agency, which has been operating for 32
years and has a staff of about 400.
The Edge said Kadir Jasin had received "tacit approval" for his proposal.
Jalaluddin declined further comment on the bid.
When Kadir Jasin stepped down from the New Straits Times, there was strong
speculation that he had fallen foul of Mahathir over his coverage. The New Straits
Times (NST) is the strongest pro-government newspaper.
But in July Kadir Jasin took over Berita Publishing, the magazine publishing arm of the
The Edge said the planned Bernama deal would be Kadir's second bid in a decade for a
media group, following his involvement in a management buyout of the New Straits
Times group in 1993 through a company called Realmild.
Press Statement By DAP National Vice-Chairman Lim Guan Eng In Petaling Jaya
The Government Might As Well Stop The Charade(Sandiwara) Of Pretending To
Privatise Bernama, 6 Radio Stations And RTM2 By Selling Them Straight To
UMNO Instead Of Datuk A. Kadir Jasin.
DAP strongly opposes the proposed sale of Bernama, 6 radio stations and a
government TV to a consortium led by former New Straits Times Press(M) Bhd
Group Editor Datuk A. Kadir Jasin. The Government might as well stop the
charade(sandiwara) of pretending to privatise Bernama, 6 radio stations and
RTM2, by selling them straight to UMNO instead of Datuk A. Kadir Jasin.
Malaysians are likely to lose out on such a deal in two aspects both
monetary terms and in further undermining of the basic fundamental rights of
freedom of information. Since the consortium led by Datuk A. Kadir Jasin are
close political cronies of both UMNO and government leaders, it is unlikely
that Malaysians will receive the best price for such a sale.
If the government is serious about selling this public broadcasting facility
at the highest possible price, there should be an open tender. Why is it
that only one consortium led by Datuk A. Kadir Jasin given such
opportunities? Such selective preference instead of an open tender, will
only validate claims of crony capitalism and further dampen our economic
Further, Malaysians' fundamental rights of freedom of information will not
be improved when Datuk A. Kadir Jasin takes over the TV, radio stations and
Bernama. Datuk A. Kadir Jasin has a consistent and outstanding record of
blindly supporting UMNO and the Prime Minister.
Datuk A. Kadir Jasin will not be independent or unbiased nor promote freedom
of information. Instead of promoting accountability, democracy and
accountability, we can expect Datuk A. Kadir Jasin to fulfill UMNO's agenda
to destroy the opposition with lies, cover up corruption and frighten the
peope into voting for BN.
For this reason, DAP condemns this privatisation exercise as self-serving,
arbitray abuse of powers by the authorities that is detrimental to the
interests of Malaysians and human rights. DAP urges the government to
conduct an open tender exercise that ensures the successful bidder follow a
set of broadcasting guidelines which promotes freedom of information, equal
access by the public and investigative journalism that upholds good
governance, accountability and transparency.
BERNAMA REPORTED FDI FORECAST
Tuesday, October 3 4:47 PM SGT
Foreign Direct Investment Set to Grow in Malaysia:
KUALA LUMPUR, Oct 3 Asia Pulse - Foreign direct investment (FDI) growth is
expected to further increase in Malaysia this year, according to the United Nations
Conference on Trade and Development (UNCTAD).
In its World Investment Report 2000 released Tuesday, UNCTAD said the
anticipated uptrend would be in line with the economic recovery and further
liberalisation of investment policies and incentives.
It said in 1999, inflows of FDI into Malaysia had improved by 31 percent to US$3.5
billion (US$1:RM3.80), compared with US$2.7 billion in 1998.
In terms of FDI inward stocks as a percentage of GDP, Malaysia had registered the
third-highest among developing countries, after Trinidad and Tobago and
Singapore, it added.
The report was presented to the Malaysian media here Tuesday by the deputy
director of the Industrial Promotion Division, at the Malaysian Industrial Development
Authority (MIDA), Yeow Teck Chai.
For the period of January to August 2000, a total of 547 applications to set up
manufacturing projects had been received by the MIDA.
Total proposed capital investment from these applications were worth US$6.7 billion
(RM25.5 billion), compared to US$3.7 billion (RM14) billion for the whole of 1999.
Out of the total proposed capital investment in applications received, FDI amounted
to US$3.6 billon (RM13.6 billion) or 53 percent, while domestic investment amounted
to US$3.1 US billion (RM11.9 billion) or 46.7 percent.
The sources of FDI were mainly from the United States (RM3.3 billion), China
(RM2.7 billion), Netherlands (RM1.9 billion), Germany (RM1.4 billion) and Singapore
These five countries accounted for 76.7 percent of total proposed foreign
In terms of proposed capital investment by industry, high levels of capital investment
were recorded for the natural gas industry, electrical and electronics, petroleum
products (including petrochemicals) and textile and textile products.