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

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

7:00 AM

World Market Watch

Tim Waterer, Chief Market Analyst, KCM Trade 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

Farlina Said,Director of the Centre for Technology and Policy at ISIS Malaysia talk about the tech side of the US-Malaysia trade agreement.

7:45 AM

Morning Brief

Dato' Wong Siew Hai, President of the Malaysia Semiconductor Industry Association (MSIA) discusses how the US-Malaysia trade agreement might impact Malaysia's semiconductor industry.

8:00 AM

The Breakfast Grille

Jayan Menon of ISEAS–Yusof Ishak Institute and Elina Noor of Carnegie Endowment for International Peace discuss Malaysia’s year as ASEAN chair and key takeaways from the summit.

8:30 AM

Morning Brief

Thomas Daniel of ISIS Malaysia discusses the potential outcomes from US Defence Secretary Pete Hegseth’s second Asia tour.

8:45 AM

Morning Brief

(REPEAT) We dive into the local and international news that matters to you.

9:00 AM

Opening Bell

(REPEAT) Tim Waterer, Chief Market Analyst, KCM Trade tells us where international markets are heading.

9:15 AM

Opening Bell

Amalia Zarir, Analyst, MBSB Research gives an outlook as well as buy ideas for investors in the auto sectors.

9:35 AM

The Property Show

Kenneth Soh of PropertyGuru and & iProperty Malaysia discusses rising property scams and how to restore trust in the housing market.

10:05 AM

Open For Business

Shane Happach, CEO, Coda

11:00 AM

The Workplace

Sawu Fang Kuan, Senior Client Officer, Ipsos Malaysia & Hetal Doshi, Organisational Psychologist & CEO, O-Psych

12:00 PM

Enterprise Explores

Previn Pillay, Country Manager, Visa Malaysia

1:00 PM

The Breakfast Grille Repeat

Our flagship show, we feature both game-changers and groundbreakers in the hot seat.

2:05 PM

Discovery Hour

An eclectic selection of BBC shows, curated with variety in mind.

3:05 PM

Earth Matters

Meet Malaysia’s first all-female, all-Indigenous ranger team from the Gibbon Conservation Society, as they share their journeys, challenges, and hopes for protecting the country’s endangered gibbons.

4:05 PM

Health & Living

What happens when your heart beats irregularly? We speak to a cardiologist about the risks of this condition and how far treatment has improved.

5:00 PM

Top 5 at 5

6:00 PM

Big Issue

We speak to President José Ramos-Horta about Timor-Leste’s ASEAN debut, and what it means for both the nation and the bloc.

7:00 PM

Stories of KL

We speak to Datuk Hajeedar Abdul Majid about how his decades of architectural work has shaped Kuala Lumpur.

8:00 PM

Cruise Control

Daniel Fernandez, Managing Editor, dsf.my