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 : Beyond the Ballot Box: The director of Invisible People, Jean Ho, joins...

Today’s Shows



6:00 AM

The 6AM Stretch

Thought-provoking discussions on ideas, people and events shaping our lives.

7:00 AM

World Market Watch

Tony Nash, CEO, Complete Intelligence tells us where international markets are heading.

7:15 AM

Morning Brief

We recap global and local headlines from today's papers and portals.

7:30 AM

Morning Brief

Ken Foong of Bloomberg Intelligence discusses the outlook for Singapore's property market in 2H2025.

7:45 AM

Morning Brief

Daniel Moss of Bloomberg, weighs in on whether Indonesia can keep its Rp662 trillion (2.8% of GDP) deficit under control while funding social programmes.

8:00 AM

The Breakfast Grille

Dr. Goh Kar Chun of MCE Holdings discusses the firm’s future after winning over RM120 million in new contracts and entering the US market.

8:30 AM

Morning Brief

Andrew Khoo, Human Rights Lawyer, weighs in on the Federal Court’s ruling against a key provision of the Peaceful Assembly Act.

8:45 AM

Morning Brief

Adib Zalkapli of Viewfinder Global Affairs discusses the recalibration of UMNO ahead of Sabah’s 17th state election.

9:00 AM

Opening Bell

(REPEAT) Tony Nash, CEO, Complete Intelligence tells us where international markets are heading.

9:15 AM

Opening Bell

(REPEAT) We take a look at the FBM KLCI as well as regional capital markets.

9:35 AM

Ringgit & Sense

Alvin Tan of the Financial Planning Association of Malaysia (FPAM) discusses aspects of Malaysian Gen Zers personal finance.

10:05 AM

Open For Business

Healthpro.id's co-founder Rendy Alfuadi shares how their on-demand platform is solving Indonesia's healthcare staffing crisis, one shift at a time.

11:00 AM

Tech Talk

Audax’s Mike Breen explains why Malaysia’s fintech growth depends on transforming legacy banks into agile platforms, and how bridging infrastructure gaps is key to turning KL20’s vision into reality.

12:00 PM

Enterprise Explores

Ong Johnson and Lo Khai Yi, Head and Co-Head of Technology Practice Group, Partners at Halim Hong & Quek, discuss Malaysia’s growing digital asset space and the role of stablecoins in bridging finance and blockchain.

1:00 PM

The Breakfast Grille Repeat

Dr. Goh Kar Chun of MCE Holdings discusses the firm’s future after winning over RM120 million in new contracts and entering the US market.

2:05 PM

Discovery Hour

3:05 PM

Beyond the Ballot Box

The director of Invisible People, Jean Ho, joins us in conversation about her documentary which shines light on the lives and struggles of people on the margins of society, namely the stateless and refugees.

4:05 PM

Health & Living

The stigma faced by people with obesity is pervasive - it comes from their community, healthcare providers and policymakers. We discuss why an empathetic lens matters.

5:00 PM

Top 5 at 5

6:00 PM

Talkback Thursday

8:00 PM

BBC World Service

This episode of Crowd Science looks at twins and what makes them unique.