BFM 89.9

HIGHLIGHTS 
Podcast  >  Evening Edition  >  Top 5 At 5  >  Top 5 at 5: No Valour for FashionValet's Losses

Top 5 at 5: No Valour for FashionValet's Losses

Emmanuel Samarathisa, Journalist, The Malaysianist

08-Nov-24 17:00

Top 5 at 5: No Valour for FashionValet's Losses

Khazanah Nasional Berhad and PNB recently took a RM43.9 million loss after selling their stakes in Fashion Valet for just RM3.1 million. This has sparked public debate, with some calling for accountability and others arguing that losses are a normal part of investing. The MACC has since launched an investigation into the case, raising questions about investment criteria and its impact on Malaysia’s venture capital landscape, which we discuss with Emmanuel Samarathisa, journalist and founder of The Malaysianist.

Other stories we covered today:

· JPJ faces copyright battle over Madani plates: The Road Transport Department (JPJ) and Transport Ministry are embroiled in a copyright infringement case, with a businessman demanding RM1.3 million over the controversial Madani vehicle plate number series. We discuss the legal implications and potential outcomes of this dispute with Foong Cheng Leong, an intellectual property lawyer.

· Assault charges involving Pahang royalty: Eddie Akasya, son of the Pahang Tengku Muda, is one of five individuals charged in the violent assault of a former construction worker Alias Awang. We reach out to criminal lawyer Goh Cia Yee to weigh in on whether full accountability will be upheld in this high-profile case involving royal family connections.

· Malbatt peacekeepers injured in Lebanon explosion: Six members of the Malaysian Battalion Contingent were injured in an explosion near Saida Stadium during an Israeli raid in southern Lebanon. Dr. Azmi Hassan, political analyst and Senior Fellow at the Nusantara Academy for Strategic Research discusses the role of Malbatt in Lebanon and the growing challenges faced by peacekeepers amid escalating regional tensions.

· Shah Rukh Khan quits smoking: Bollywood icon Shah Rukh Khan revealed that he quit smoking after it caused persistent breathing issues, prompting a wider discussion on the health impacts of smoking in Malaysia. Professor Mohamad Haniki Nik Mohamed, Leader of the Smokefree Sejahtera Campus Community Flagship 3.0 programme, at the Faculty of Pharmacy of IIUM, explains the long-term effects of nicotine addiction on the brain and body.

Image Credit: FashionValet, Facebook

Produced by: Alena Nadia, Sudais Ferhard, Tee Shiao Eek

Presented by: Lee Chwi Lynn, Dashran Yohan


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  politicsgovernmentinternationalLaw/Activismcorruptioncontroversieseducation

Tags:  investment lossesRM43.9 millionMACC investigationJPJ copyright caseMadani vehicle platesassault chargesPahang royaltyMalbatt peacekeepersLebanon explosionShah Rukh Khan quits smokingsmoking health effectsventure capital in Malaysiacelebrity healthroad transport disputesMalaysian royalty casespeacekeeping in LebanonRM1.3 million copyright disputeMalaysian legal analysisregional tensions in the Middle Eastkhazanah nasionalpnbfashion valetventure capitalintellectual property lawnicotine addictionmalaysian newsmalaysian politicslegal issues





Play / Pause

Listen now : BFM 89.9 -- The Business Station

Today’s Shows



6:00 AM

The 6AM Stretch

7:00 AM

World Market Watch

Brian Arcese, Portfolio Manager & Equity Analyst, Foord Asset Management

7:15 AM

Morning Brief

7:30 AM

Morning Brief

Max Godwin, Portfolio Manager, Japan Equities, Eastspring Investments Singapore

7:45 AM

Top Story

Dhanya Nair, Co-lead, BFM News

8:00 AM

The Breakfast Grille

Dr Sharifah Munirah Alatas, Independent Scholar, Deputy Chair, Malaysian Academic Movement (GERAK) & Dr Wan Chang Da, Visiting Senior Fellow, Malaysia Studies Programme, ISEAS - Yusof Ishak Institute

8:30 AM

The Breakfast Grille (EXTENDED)

Dr Sharifah Munirah Alatas, Independent Scholar, Deputy Chair, Malaysian Academic Movement (GERAK) & Dr Wan Chang Da, Visiting Senior Fellow, Malaysia Studies Programme, ISEAS - Yusof Ishak Institute

8:45 AM

Morning Brief

Dr Law Teik Hua, Associate Professor, Road Safety Research Centre, Universiti Putra Malaysia (UPM)

9:00 AM

Opening Bell

(REPEAT) Brian Arcese, Portfolio Manager & Equity Analyst, Foord Asset Management

9:15 AM

Opening Bell

(REPEAT) Max Godwin, Portfolio Manager, Japan Equities, Eastspring Investments Singapore

9:35 AM

What's the Focus

10:05 AM

Open For Business

Sailendra Kanagasundram, Managing Director, Visual Retale

11:00 AM

Mattsplained

Matt Armitage, Founder, Kulturpop

12:00 PM

Enterprise Explores

Mohd Syazwan bin Mohd Hanafie, Sports Manager, National Sports Council of Malaysia & Tiffani Lim, Athletes Committee Chairperson, International Esports Federation (IESF)

1:00 PM

The Breakfast Grille Repeat

Dr Sharifah Munirah Alatas, Independent Scholar, Deputy Chair, Malaysian Academic Movement (GERAK) & Dr Wan Chang Da, Visiting Senior Fellow, Malaysia Studies Programme, ISEAS - Yusof Ishak Institute

2:05 PM

Discovery Hour

By The Book: Audiobooks (REPEAT); Ady Faizal, Nusantara Audiobooks

3:05 PM

Front Row

Earth, Wind and Fire Experience; Tim Owens, Lead Vocalist, Al McKay Allstars

3:20 PM

Front Row

Film Screening & Conversation with Noor Abed; Noor Abed, Artist and Filmmaker

4:05 PM

Health & Living

Doctor in the House: Treating Triple-Negative Breast Cancer; Dr George Lee, Consultant Urologist | Dr Tan Chih Kiang, Consultant Clinical Oncologist | Dr Ng Char Hong, Consultant Breast & Breast Reconstructive Surgeon

5:00 PM

Top 5 at 5

6:00 PM

Popcorn Culture

Only Murders in the Building S4 + Happiest Surprises

7:00 PM

Just For Kicks

Will Chelsea Heap More Misery On Arsenal?; Bob Holmes | Dez Corkhill | Craig Wilkie

8:00 PM

A Bit of Culture

Why Do We Fall For Scams?; Kam Raslan | Zan Azlee | Azmyl Yunor