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245© Institute for Democracy and Economic Affairs (IDEAS) 2018E.T. Gomez et al., Minister of Finance Incorporated, DOI 10.1007/978-981-10-4897-5
Index1
1 Note: Page numbers followed by “n” refer to notes.
AAbdul Farid Alias, 163, 165, 214n8Abdul Ghani Othman, 190, 192Abdul Kadir Jasin, 41–3, 52, 119Abdul Manaf Hashim, 192, 193Abdul Mulok Damit, 186, 189Abdul Rahman Ahmad, 120, 121,
199, 201, 225Abdul Rahman Maidin, 119, 121Abdul Rahman, Tunku, 4, 5, 20,
146n34Abdullah Ahmad Badawi, 4–6, 54–8,
78, 91n56, 92n68, 93n78, 198, 199, 220, 218, 231, 232n2
Abdul Razak, Tun, 4, 5Abdul Wahid Omar, 92n67, 199,
201, 202Abrar Corporation, 53Affin Holdings, 31, 42, 50–1, 72,
92n63, 97, 111, 112, 123, 124, 173, 182, 183, 196, 210, 211
affirmative action, 4, 6, 34, 37, 58–62, 92n71, 93n75, 150, 220, 223, 226, 228–30, 233n12
Agrobank. See Bank PertanianAhmad Husni Hanadzlah, 190, 191,
193, 212Ahmad Nazri Abdullah, 41–3,
52, 119Ahmad Sarji, 160, 164, 197, 204,
205, 212Ahmad Sebi Abu Bakar, 40, 44, 53,
184, 189Ahmad Zahid Hamidi, 188Alliance Bank, 110Amanah Capital Partners, 115Amanah Raya, 23, 57, 76, 92n66,
95, 97, 98, 120, 121, 142, 144n10, 161
Amanah Saham Nasional (ASN), 34–6, 89n26, 213n5
246 INDEX
Amanah Saham Nasional Bhd (ASNB), 34–6, 89n26, 97, 100–3, 105, 106, 111, 112, 113, 120, 123, 126, 127, 128, 129, 130, 131, 133, 134, 135, 136, 137, 158, 160, 163, 167, 179, 180, 183, 195, 205
AmBank, 110, 163Amin Shah Omar Shah, 40, 50,
187, 189Ananda Krishnan, T., 40, 42, 48–50,
91n50, 106Anwar Ibrahim, 40, 145n13, 189Asmat Kamaluddin, 204, 205, 212Association of Development Financial
Institutions of Malaysia (ADFIM), 115, 116, 147n41
Astro (M) Holdings, 48, 49, 145n22, 170
Audit Act 1957, 158Auditor General, 82, 158, 213n2Automatic Enforcement System
(AES), 84Awan Megah & Astacanggih, 84Axiata, 49, 56, 61, 67, 92n63, 97,
128–30, 140, 161, 162, 167, 170, 194, 195, 200, 201, 209, 211
Azeez Rahim, 191, 193, 197, 212Azlan Hashim, 161, 163, 164, 194,
195, 200, 202, 212Azman Hashim, 40, 41, 43, 45, 49,
51, 109, 110, 188, 189Azman Mokhtar, 45, 55, 159, 164,
194, 195, 197, 199, 200, 202, 212
Azman Yahya, 199, 200, 202, 212
BBadruddin Amiruldin, 191, 193, 212bailout, 4, 66, 78, 116, 138, 145n26,
218, 219, 2311997 crisis, 47, 214n12, 220
Bakke Salleh, 33, 198, 199, 201, 202Bakun Dam, 79, 82Bandar Malaysia, 1, 14–15n1, 62Bank Bumiputra, 21, 98, 107, 145n26Bank Industri & Teknologi Malaysia,
91n58, 114, 115Banking and Financial Institutions
Act 1989, 114Bank Kerjasama Rakyat Malaysia, 115Bank Kerjasama Rakyat Malaysia
Berhad Act 1978, 117Bank Negara, 29, 34, 46, 79, 85, 106,
108, 114, 115, 116, 147n41, 147n45, 155, 161, 163, 191, 193 198, 199, 206, 213, 215n25
Bank of Commerce (BCB), 48, 98, 107, 108
Bank Pembangunan & Infrastruktur Malaysia, 114
Bank Pembangunan Bhd, 35Bank Pertanian, 21Bank Simpanan Nasional (BSN),
115–17, 147n44, 161Barisan Nasional (BN, or National
Front), 2, 6, 8, 15n11, 57, 59–60, 78, 93n73, 107, 125, 146n28, 233n7
Berita Harian, 119, 120, 220Berjaya, 40, 45Bernas, 26Bian Chiang Bank, 98BIMB, 50, 52, 72, 92n63, 97,
111–13, 117, 141, 144n11, 173, 196, 201, 203, 205, 210, 215n31
Bintulu Port Holdings, 22, 51, 52, 76, 98, 136, 139, 142, 143, 192, 210
block-holdings, 13block shareholding, 12, 122, 130,
165, 218, 224board appointments, 12Bonacich’s power, 178–9
247 INDEX
Boustead Holdings, 31, 50, 72, 83, 84, 112, 123, 173
British, 2, 19, 21capital, 20firms, 19, 21, 37, 170
Bumi Armada, 48, 50, 167Bumiputera, xivn1, 6, 20, 34–6, 39,
61, 66, 183, 220, 226capitalists, 228small and medium-scale enterprises
(SMEs), 54, 59, 233n12Bumiputera Commercial and
Industrial Community (BCIC), 37–8, 40, 54, 150, 223, 226, 228
Bumiputera Economic Congress, 20Bumiputera Economic Empowerment
(BEE), 6, 40, 60, 150, 223Bumiputera Malaysia Finance (BMF)
affair, 107, 145n26Bursa Malaysia Bhd, 139business groups, 6, 9–12, 17n28, 38,
40, 45, 47, 53, 66, 95–9, 144n2, 150, 165–83, 207, 209, 211
CCapitaLand Ltd., 63, 167Chang Ming Thien, 90n47, 107Che Khalib Mohamad Noh, 199, 202Cheras-Kajang Highway, 30, 88n15Chia Yee Soh, 132China, 46, 56, 62, 101, 104, 173, 230China Railway Group, 62Chinese
banks, 106business groups, 34, 40, 45, 95,
142n2control, 108enterprises, 19, 40, 45, 90n36,
90n48, 144n2equity, 228privately-owned companies, 31
Companies Act, 3, 45, 149
control, 7–14, 16n26, 41, 52–3, 66, 97, 108–9, 117–21, 149–213, 217–25, 231
control mechanism, 14, 144, 149–51, 208
holding companies and business groups, 165–83
legislation and governance structure, 150–65
Corporate Debt Restructuring Committee (CDRC), 199
corporate ownership, 6–7, 40, 95–148corporate professionals, 194–8corruption, 107, 127Credit Guarantee Corporation (CGC),
64, 115, 116, 147n43cross-holdings, 165
DDaim Zainuddin, 38, 40, 53, 55, 91n55,
107–10, 119, 146n29, 146n30, 146n32, 146n52, 184, 186, 189, 199, 208, 220, 221 and 233
Damansara Ulu Kelang Expressway (DUKE), 30
Danaharta, 199Danamodal, 199Datuk Keramat Holdings Bhd, 107Dawn-Raid, 37Desa Pachi, 160Development Financial Institutions
(DFIs), 26, 114–18, 219Development Financial Institutions
Act 2002 directorships, 114, 115distributional coalitions, 37
EEastern & Oriental Bhd (E&O),
122, 123Economic Planning Unit (EPU),
46, 193, 199
248 INDEX
economic power, 218, 219, 229, 231Economic Transformation Programme
(ETP), 58EcoWorld Development Bhd, 101, 102Education Blueprint 2011–2015, 58Eleena Azlan Shah, 100, 144n9, 145n16Employees Provident Fund (EPF)
history, 29–31, 56, 57, 88n15, 88n16
ownership structure, 170Employees Provident Fund Ordinance
1951, 29equity cross-holdings, 11Eric Chia, 132Export-Import (EXIM) Bank, 26,
115, 116
Ffarmers, 21, 32F&B Nutrition Sdn Bhd
Acquisition, 86Fauziah Yaacob, 163, 164, 204, 206,
207, 213Federal Agriculture Marketing
Authority (FAMA), 21Federal Commissioner of Lands, 98Federal Land Consolidation and
Rehabilitation Authority (FELCRA), 21
Federal Land Development Authority (FELDA), 20, 124–7, 143, 183
Felda Asset Holdings Company, 70, 75, 124–6
Felda Global Ventures Sugar Sdn Bhd, 22, 49, 61, 70, 75, 83, 85, 86, 97, 122, 126, 140, 143
FELDA Investment Corporation (FIC), 124, 127
Felda Regulatory Unit, 125financial institutions, 35, 97, 98,
106–14, 144n11consolidation, 108–9, 117
financial power, 53, 155Fleet Holdings Sdn Bhd, 98, 188foreign-owned firms, 21, 35, 170, 173
GGabungan Kesturi Sdn Bhd, 97, 120,
121, 142, 208, 225Gamuda, 43, 49, 50, 71, 97, 99–101,
105, 139, 140, 167, 209, 229Ghazali Ali, 196, 213Ghazali Seth, 163Genting, 45GLC Transformation Programme
divestment, 105management, 55, 199merger, 57, 122, 182
Gleneagles, 138Golden Hope, 42, 49, 57, 92n67, 122golden share, 7, 9, 12, 21, 28, 97,
130, 132, 138, 139, 143, 149, 167, 183
MoF Inc. companies (see (MoF Inc.))
governance structure, 150–65, 218, 231
government intervention, 19, 34, 40Government Investment Companies
Division (GIC), 21government-linked companies (GLCs),
54–8, 99–139definition, 6–9
government-linked investment companies (GLICs)
definition, 6–9Investment Panels, 158–65list of, 3, 63privatization, 37–63
Government Transformation Programme (GTP), 58, 59
“groom and place,” 208, 221guardianship, 226–9Guthrie Corp, 35, 37, 122
249 INDEX
HHalim Saad, 40–2, 45, 47, 49–51, 86,
108, 184, 189, 233n8Hamad Kama Piah, 160, 164, 194,
195, 197, 212Harun Idris, 116, 117Hashim Ismail, 192Hassan Marican, 59, 93n72Heavy Industries Corporation of
Malaysia Bhd (HICOM), 22, 39, 41, 46, 50, 64, 89n35, 185
holding company, 9–12, 98, 133, 139, 165–83
Hong Leong, 31, 40, 42, 44, 49, 51–3, 107, 109, 110, 144n2, 162
Hussein Onn, Tun, 4, 5, 34
IIdris Jala, 59, 92n67, 92n70IGB, 102–3, 145n17IHH Healthcare, 56, 68, 97, 133,
134, 138, 139, 170, 194, 195, 200, 209
IJM Corp, 44, 50, 62, 72, 74, 77, 102–4, 139, 140, 144n8, 165, 167, 173, 210, 211, 215n30
IJM Plantations, 52, 77, 98, 102–4, 121, 122, 139, 140, 173, 210, 211, 215n30
industrialization, 39, 58, 59, 61, 150inner circle, 13, 225inter-governmental business
China, 62Singapore, 63
interlocking stock ownership, 12, 34, 40, 102, 124, 173, 207, 214n16
internationalization, 30, 32International Medical University
Malaysia (IMU), 138intra-elite feuds, 229
investment holding companies, 10, 88n18, 98, 133, 165
investment panels, 28, 29, 33, 158–65
Irwan Serigar Abdullah, 163, 164, 197, 203, 204, 206, 212, 213
Isa Abdul Samad, 125, 148n54, 190, 192, 193
Ishak Ismail, 40, 44, 52, 186, 189Iskandar Investment, 47, 200Iskandar Malaysia, 47, 57Islamic financial institution, 32Ismee Ismail, 196, 197, 201, 212,
214n7
JJapan, 46, 56Jeffrey Cheah Fook Ling, 40Johor, 37, 127, 230Johor Corp, 73, 74, 98, 116, 127,
133, 140, 141, 143, 148n55, 161, 183, 192
Johor State Economic Development Corporation, 127
joint-venturesforeign companies, 39, 170heavy industries, 39with private firms, 39, 138
KKamaruddin Jaffar, 187, 189Kamaruddin Mohamad Nor,
187, 189Kedah, 21, 132Khalid Ahmad, 41–3, 52, 119, 186Khazanah Nasional Bhd
history, 37–63ownership structure, 169
Khoo Kay Peng, 43, 51, 107Khoo Teck Puat, 106, 145n24
250 INDEX
KLCCP Holdings, 50, 71, 97, 99, 105, 139, 143, 209, 210
KL Sentral, 121, 195Koon Yew Yin, 100Koperasi Permodalan FELDA,
125, 126Koperasi Usaha Bersatu (KUB),
26, 28, 87n5, 146n27, 167, 202, 221, 222
Krishnan Tan Boon Seng, 104Kuala Lumpur City Center, 106Kuala Lumpur International Airport,
106, 176Kuala Lumpur Kepong (KLK), 40, 41,
49, 122, 144n2Kuala Lumpur Stock Exchange
(KLSE), 38, 139, 159Kulim Malaysia, 73, 127Kumpulan Europlus Bhd,
104, 145n20Kumpulan Perubatan Johor (KPJ),
51, 74, 98, 99, 133, 134, 141, 143, 210
Kumpulan Wang Persaraan Diperbadankan (KWAP, or Retirement Fund Incorporated)
Act 2007, 29history, 28–30ownership structure, 172
Kuok, Robert, 42, 49–51, 98, 107, 124, 138, 170
LLand Development Ordinance, 20Lebuhraya Damansara Puchong
highway, 100legislation
appointment, 156–7ministers control, 152–4
Lembaga Tabung Angkatan Tentera (LTAT, or Armed Forces Fund Board)
history, 31, 88n19ownership structure, 174
Lembaga Tabung Haji (LTH, or Pilgrims Fund Board)
Act 1995, 32controversy, 111–12history, 31–3ownership structure, 175restructuring, 33
Liew Kee Sin, 51, 101Lim Kang Hoo, 62Lingkaran Trans Kota Holdings Bhd
(LITRAK), 51, 100Lin Yun Ling, 40, 43, 100Lodin Wok Kamaruddin, 83, 111,
194, 196–8, 213, 214n7, 222, 225
London Tin, 21
MMahathir Mohamad, Tun, 4, 5,
33–40, 45–8, 52–4, 57, 59, 63, 66, 78, 89n29, 89n30, 89n32, 90n37, 90n40, 90n42, 90n51, 90n52, 90n55, 92n71, 93n79, 106–9, 119, 121, 128, 138, 146n29, 146n32, 148n67, 185, 187–9, 191, 198–200, 215n26, 215n27, 218–21, 229, 231, 233n8, 233n14, 234n14
Majlis Amanah Rakyat (MARA, or Council of Trust for Indigenous People), 20, 87n2
Malakoff Bhd, 52Malay
bank, 106, 107businesses, 20capital, 106–7entrepreneurs, 20, 37, 61, 98,
138, 226poverty, 19, 54property, 21, 30, 98
251 INDEX
Malayan Banking Bhd, 35, 111Malay Mail, 2, 119, 121, 127, 198Malay National Banking
Corporation, 106Malaysia Airlines (MAS), 47, 50, 51,
73, 79, 81, 86, 91n62, 92n63, 92n67, 92n68, 92n70, 97, 98, 135, 138, 139, 144n8, 148n65, 159, 161, 170, 184, 194, 195, 196, 200, 202, 203, 206, 207, 214n12
Malaysia-China Kuantan Industrial Park (MCKIP), 62
Malaysia Export Credit Insurance (MECIB), 114, 115, 147n44
Malaysia Marine & Heavy Engineering Holdings (MMHE), 50, 73, 136, 139, 142, 210
Malaysian Agrifood Corporation Bhd (MAFC), 47, 65, 81
Malaysian Airline System, 22, 41, 135, 138, 142, 148n65, 210
Malaysian Airports Holdings Bhd (MAHB), 97, 98, 135, 138, 139
Malaysian Building Society Bhd (MBSB), 92n63, 97, 114, 117, 139, 141, 144n11, 146n36, 170, 194, 195, 200, 213n1
Malaysian Chinese Association (MCA), 44, 50, 93n73, 107, 119, 146n29, 233n7
Malaysian French Bank, 107, 146n29Malaysian Industrial Development
Finance (MIDF), 43, 115–17, 147n42
Malaysian International Shipping Corp Bhd (MISC), 22, 36, 41, 48, 49, 69, 73, 98, 136, 138, 139, 142, 148n67, 167, 209, 210
Malaysian Resources Corporation Bhd (MRCB), 41, 42, 49, 51–3, 91n52, 91n53, 92n63, 119–21,
144n7, 147n47, 170, 186, 196, 200, 201, 202, 215n27
market capitalization, 7, 11, 16n26, 39, 53, 54, 56, 97, 100, 122, 124, 130, 147n51, 173, 210, 211
Marshall, Augustus Ralph, 106Mat Noor Nawi, 203–5, 212, 213Maxis, 48, 49, 145n22, 167Md Nor Md Yusof, 194–6, 212Menara Warisan, 80Minister of Defence, 111, 151,
155, 190Ministry of Finance, 1, 3, 7, 8, 12,
13, 15n9, 16n20, 21, 26, 28, 46, 89n23, 114, 115, 117, 140, 155, 156, 161, 163, 164, 192, 197, 199, 203, 205, 206
Minister of Finance Incorporated (MoF Inc.)
Act 1957, 21control over media sector, 119–21golden share, 9, 21, 26, 28, 97,
124, 138, 139, 143, 183history, 19–28list of companies, 26ownership structure, 112, 143, 166
Ministry of Trade & Industry, 20, 35, 54
Mirzan Mahathir, 40, 42, 48, 138, 148n67, 188, 189
Mohamad Aziz, 192, 193, 212Mohamed Noor Yusof, 107Mohamed Sarit Yusoh, 186, 189Mohd Noor Mutalib, 41–3, 52, 119Mokhzani Mahathir, 4, 40, 188, 189Morshidi Abdul Ghani, 203, 204,
206, 212Mount Elizabeth, 138MSM Malaysia Holdings Bhd,
97, 124, 126Muhyiddin Yassin, 229, 233n2MUI Bank, 107
252 INDEX
Mukhriz Mahathir, 188, 189, 233n14Multimedia Super Corridor, 106Multi-Purpose Holdings, 53Multi-Purpose Holdings Bhd
(MPHB), 42, 107, 146n29
NNajib Razak, 1, 2, 4, 6, 8, 15n12,
58–63, 78, 86, 92n72, 93n74, 105, 111, 164, 190, 191, 193, 196–9, 202, 203, 209, 212, 214n7, 218–20, 225, 228–31, 232n2
National Development Policy (NDP), 40
National Electricity Board (NEB), 128National Feedlot Corporation, 22, 26,
28, 93n73National Key Results Areas
(NKRAs), 59National Vision Policy (2001–2010), 40Nazir Razak, 92n67, 161, 165, 214n8network topology
GLICs and top 100 companies, 176–8, 181
New Economic Model, 58New Economic Policy (NEP), 4, 34,
150, 218New North Klang Straits Bypassway,
30, 31, 88n15New Straits Times Press Bhd (NSTP),
42, 52, 53, 91n53, 91n54, 119–21, 186
9th Malaysia Plan, 2006–2010, 54Noor Ehsanuddin Mohd Harun
Narrashid, 192, 193Nor Mohamed Yakcop, 33, 54, 55,
88n22, 89n24, 91n60, 119, 121, 147n47, 147n49, 190, 191, 193, 198–200, 208, 214n19, 215n19, 215n26, 215n27, 215n28, 220, 221
Nusajaya, 63
O1Malaysia Development Bhd (1MDB),
1, 2, 4, 15n3, 15n4, 15n8, 23, 26–8, 62, 63, 79, 84–6, 93n74, 191, 196, 197, 200, 201, 214n7, 222, 229, 230
Omar Salim, 125Organisation for Economic
Cooperation and Development (OECD), 7, 8
ownershipdefinition, 9–10GLICs during Mahathir, 39, 40, 45,
53, 59network map of GLICs, 14, 95ownership and control, 9–14, 19,
40, 48, 63, 66, 78, 110, 124, 209
during privatization, 39, 40top 100 companies in 1971
and 1997, 34, 40, 41, 52ownership of GLCs
financial institutions, 106–18healthcare and services, 133–9media, 119–21oil & gas, 130–3of plantations, 121–8propert development &
construction, 99–106utilities, 128–30
ownership patternstypes, 139
PPantai, 138Parkway, 133, 138patronage, 4, 40, 48, 58, 59, 66, 78,
92n68, 217, 218, 223, 226, 231, 233n2
Pejabat Urusan Hal Ehwal Haji (Pilgrimage Affairs Management), 32
Pembinaan PFI, 83
253 INDEX
Penang, 32, 98, 132, 199, 232n1pension, 28, 29, 87n8, 87n9pension fund, 3, 4, 29–31, 33, 231Pensions Trust Fund, 28, 29Pensions Trust Fund Act 1991, 28Perbadanan Hal Ehwal Bekas
Angkatan Tentera (PERHEBAT), 88n19
Perbadanan Nasional (Pernas, or National Corporation), 20, 21, 23, 26, 27, 35, 64, 80, 89n25, 107, 116, 138
Perbadanan Perwira Harta Malaysia (PPHM), 84, 88n19
Perbadanan Perwira Niaga Malaysia (PERNAMA), 88n19
Perbadanan Ushawan Nasional Bhd (PUNB), 35, 65, 89n24
Perbadanan Wang Simpanan Bakal- Bakal Haji (Prospective Pilgrims Fund Corporation), 32
Performance Management and Delivery Unit (Pemandu), 59, 92n70, 195
Perlis, 21, 121Permodalan Nasional Bhd (PNB),
3, 4, 7, 26, 27, 34–7, 39, 56, 57, 62, 64–77, 80, 89n25, 89n26, 91n51, 95, 97, 100, 101–7, 110–14, 117, 120, 122, 123, 125–37, 140, 141, 145n26, 150, 151, 154, 158–60, 163–5, 167, 173, 179, 180, 182, 183, 189, 194, 195, 197, 201–5, 212, 222, 224, 225, 230
history, 34nationalization, 3ownership structure, 168
Persatuan Pribumi Perkasa (Perkasa), 59, 92n71, 109
Pertubuhan Kebajikan Islam Malaysia (PERKIM), 111, 146n34
Perwaja Steel, 39, 79, 82
Petronas Dagangan, 43, 49, 50, 69, 98, 130–2, 139, 141, 209
Petronas Gas, 41, 48, 49, 68, 130–2, 139, 141
Petronas Twin Towers, 105, 106, 140Pharmaniaga, 31, 88n18, 112, 124,
141, 173, 223Phileo Allied, 53, 144n13, 146n31Pinewood Iskandar Malaysia,
47, 56, 170policies, 14, 20, 27, 37, 38, 47, 59,
149, 150, 219, 223, 225, 226, 228, 229, 232
political feuding, 53, 66, 218political power, 8, 110, 233n13Pos Malaysia, 22, 26, 27, 56, 81,
87n4, 202Prime Minister, 1, 2, 4, 6, 8, 20, 29,
33–5, 37, 40, 46, 47, 53, 54, 57, 58, 60, 105, 106, 110, 149, 151, 158, 190, 193, 198, 199, 203, 208, 218–21, 225, 229, 230, 232
Prime Minister’s Department, 46, 124, 151, 155, 193
privatizationrole of GLICs, 38–40, 47, 48, 218,
220, 223privatize, 6, 38–40, 45, 47, 58, 60,
66, 78, 128, 150, 229professional elite, 13, 197–203, 207,
221, 224, 232ProfituneBhd, 121ProjekLebuhraya Utara Selatan
(PLUS), 30, 202Proton, 39, 47, 56, 79, 81, 90n46PSC-Naval Dockyard SdnBhd, 83PTPTN (Higher Education Loan), 82Public Bank, 41, 48, 49, 90n49,
108–10public enterprises, 20, 21, 34, 219
list of major, 64–5Public-Listed Companies
owned by GLICs, 67
254 INDEX
public policies, 14, 59, 150, 219, 223, 226, 232
Pulau Indah Ventures, 47Pulau Memutik Ventures Sdn Bhd,
68, 97, 133, 134, 139Putrajaya Committee on GLC
High-Performance, 55pyramiding, 10–12, 176, 211, 219
QQuek Leng Chan, 31, 42–4, 49–52,
107, 109, 110
RRaja Arshad Tun Uda, 46Rashid Hussain, 40, 41, 45, 46, 48,
49, 53, 107, 109, 186, 189Realmild Sdn Bhd, 41, 43, 52,
91n52, 119–21Renong, 41, 42, 47, 49–51, 108,
215n27rents, 38, 40, 45, 66, 92n68, 219, 223Retirement Fund Act 2007, 29, 156RHB Bank, 48, 83, 87n5, 107–11,
117, 146n30, 162, 213n1, 223Rosni Sohar, 192, 193, 212Rubber Industry Smallholders
Development Authority (RISDA), 21, 64
Rural and Industrial Development Authority (RIDA), 20, 87n2
SSabah, 98, 104, 124, 203Sabbaruddin Chik, 98, 144n10Samsudin Osman, 161, 164, 197,
203–5, 212Sarawak, 37, 98, 132, 139Scomi Energy Services Bhd, 104Scomi Engineering Bhd, 104, 105
Scomi Group, 92n68, 104Scorpene deal, 83sectors
agriculture, 32, 54banking, 38, 106, 107, 117, 118,
146n31communications, 61financial, 3, 97, 114, 117, 124, 143,
165, 208, 211, 218, 219healthcare, 98, 133–9housing, 32, 83logistics, 26manufacturing, 32, 59, 61,
115, 132media, 119–21oil& gas, 130–3palm oil, 124plantation, 121–7property development, 99–106strategic, 114, 167utilities, 128–30
Shah Alam Expressway, 100Shahril Ridza Ridzuan, 120, 121, 161,
164, 194, 195, 197, 199, 200, 202, 212, 225
Shamsuddin Abdul Kadir, 40, 187Sime Bank, 87n5, 107, 146n27Sime Darby Bhd, 21, 31, 33, 35, 41,
45, 48–50, 57, 61, 63, 68, 92n63, 92n67, 97, 107, 118, 121–4, 128, 139, 140, 159, 167, 176, 182, 183, 187, 192–5, 203, 205, 209
Siow Kim Lun, 196, 197, 213Sistem Televisyen Malaysia (STM),
119, 120Small Medium Enterprise
Development Bank (SME Bank), 25, 26, 54, 91n58, 115–17, 147n44
SMEs, 38, 54, 59, 109, 114, 116, 219, 228, 229
SOCSO, 16n20, 179, 180, 233n4
255 INDEX
Southern Bank, 44, 50, 108, 109sovereign wealth fund, 3, 4, 45, 63,
167, 193, 222special purpose fund, 3, 4special purpose vehicles (SPVs),
27, 63, 125Sports Toto, 45, 90n38SPRINT highway, 100SP Setia, 31, 50–1, 57, 62, 72, 80,
97, 99, 101, 102, 105, 139, 140, 167, 210, 229
SRC International SdnBhd, 2, 24, 86STAR LRT, 82State Economic Development
Corporations (SEDCs), 21, 35, 37
State Financial Secretary of Sarawak, 69, 70, 73, 76, 98, 131, 135, 136, 142, 143
state-owned enterprises (SOEs), 16n26, 62, 90n43, 230
statutory bodies, 3, 20, 21, 29, 35, 93n72, 99, 115, 133, 151, 158, 182, 233n4
Statutory Bodies (Accounts and Annual Reports) Act 1980, 155, 158, 213n2
Statutory Bodies (Discipline and Surcharge) Act, 158
strongly-connected component (SCC), 181, 182
Sukarti Wakiman, 203, 204, 206, 212Syarikat Telekom (M) Bhd, 130Syed Anwar Jamalullail, 33, 88n22,
121, 147n47
TTabung Haji (TH). See Lembaga
Tabung Haji (LTH, or Pilgrims Fund Board)
Tabung Haji Act 1995, 32, 153, 157Taib Mahmud, 51, 83, 108, 223
Tajudin Ramli, 40–2, 45, 47, 48, 50, 86, 184, 189, 233n8
Talam Transform Bhd, 145n21Tan Chin Nam, 44, 50, 102Tanjong Pagar, 63Teh Hong Piow, 41, 48, 49, 51,
109, 110Telecommunications Department of
Malaya, 130Telekom, 23, 26, 27, 41, 45, 48,
49, 61, 69, 92n63, 92n67, 97, 128, 129, 130, 140, 148n59, 167, 170, 201–3, 205–7, 209
Temasek, 45, 63, 110, 170Tenaga, 23, 26, 27, 41, 45, 48, 49,
57, 61, 67, 92n63, 92n67, 97, 128–30, 140, 167, 170, 192, 195, 202, 209, 211
Tenth Malaysia Plan, 2010–2015, 58, 59
Terry Tham Ka Hon, 122TH Heavy Engineering (THHE),
85, 162, 173Time Engineering, 42, 51, 82, 86,
184, 202Ting Pek Khiing, 40, 42, 79, 90n37Tong Kooi Ong, 44, 53, 99, 144n13,
146n31Toyota, 132trust fund manager, 3Tsao, Frank, 138Tun Razak Exchange (TRX), 1, 2, 86TV3, 52, 53, 119, 121, 186, 220
UUEM Land, 47, 63UEM Land Bhd, 63UEM Sunrise, 50, 71, 97, 99, 100,
139, 140, 143, 170, 209UMW. See United Motor Works Bhd
(UMW)
256 INDEX
UMW Holdings, 42, 49, 50, 70, 71, 132, 133, 139, 141, 167, 196, 197, 209, 210
UMW Oil & Gas Corp, 71, 132, 139, 141, 163, 205, 210
Ungku Aziz, 32United Asian Bank Bhd (UAB),
108, 146n28United Malayan Banking Corporation
(UMBC), 44, 90n47, 107, 146n29, 187
United Malays National Organization (UMNO), 8, 16n17, 28, 38, 47, 48, 53, 57, 59, 60, 84, 91n51, 91n52, 98, 99, 108, 109, 117, 119, 125, 145n26, 145n27, 148n54, 165, 167, 183–94, 197, 199, 202, 203, 207, 208, 212, 215n23, 217, 218, 220–2, 225, 226, 229, 232–3n2, 233n8, 233n14
United Motor Works Bhd (UMW), 36, 42, 44, 49, 50, 70, 71, 92n63, 97, 132, 133, 139, 141, 144n5, 167, 196, 197, 209, 210
Urban Development Authority (UDA), 21, 24, 26, 35, 64, 87n3, 196
Utama Merchant Bank, 115Utusan Malaysia, 119, 221
Vvendor development programmes,
38, 60, 61, 150Vincent Tan CheeYioun, 40–3, 49,
50–2, 90n37Voon Tin Yow, 101voting rights, 12, 183, 222
WWan Abdul Aziz Wan Abdullah,
160, 164, 203–5, 212Wan Azmi Wan Hamzah, 40, 122,
147n52, 184, 189Wan Kamaruzaman Wan Ahmad,
163, 164, 197, 213Waqaf An-Nur Corporation, 127
YYahya Ahmad, 40, 41, 45, 185, 189Yayasan Pelaburan Bumiputera
(YPB, or Bumiputera Investment Foundation), 34, 35, 150
Yeoh, Francis, 40, 90n37
ZZauyah Desa, 161, 163, 164Zulkifeli Zin, 163, 164, 204, 213