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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