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 Mulholland, President, TJM Limited, Chicago 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

We break down the day’s top news with expert insights.

7:45 AM

Morning Brief

We break down the day’s top news with expert insights.

8:00 AM

The Breakfast Grille

Datuk Seri Nancy Shukri, Minister of Women, Family and Community Development, discusses the government’s initiatives on gender equality, child protection reforms, and key political developments in Sarawak.

8:30 AM

The Breakfast Grille (EXTENDED)

Datuk Seri Nancy Shukri, Minister of Women, Family and Community Development, discusses the government’s initiatives on gender equality, child protection reforms, and key political developments in Sarawak.

8:45 AM

Morning Brief

Dr. Amit Ranjan of the Institute of South Asian Studies discusses Nepal’s political future following the elections.

9:00 AM

Opening Bell

(REPEAT) Tim Mulholland, President, TJM Limited, Chicago 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

What's The Focus

We wrap up the week’s biggest conversations to keep you in the know.

10:05 AM

Open For Business

Advanced diagnostics are often confined to centralised laboratories, making them technically impressive but difficult to access for many who need them. We speak with Zainiharyati Mohd Zain, Founder of Ablesen, a Malaysian deep-tech startup building sensor-based diagnostic platforms designed for use beyond traditional lab environments. Selected as a top startup in the 2025 PACE Bootcamp by ARTEM Ventures, Ablesen is currently moving from prototype to early commercialisation.

11:00 AM

Mattsplained

Matt Armitage, Founder, Kulturpop

12:00 PM

Enterprise Explores

Rajen Devadason, CEO, RD WealthCreation

1:00 PM

Breakfast Grille (REPEAT)

Datuk Seri Nancy Shukri, Minister of Women, Family and Community Development, discusses the government’s initiatives on gender equality, child protection reforms, and key political developments in Sarawak.

2:05 PM

Discovery Hour

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

3:05 PM

Front Row

Two monumental works by Johannes Brahms take centre stage in an upcoming chamber music performance. We find out what’s in store from cellist Ivan Torres.

4:05 PM

Health & Living

Doctor in the House

5:00 PM

Top 5 at 5

A countdown of the 5 biggest stories of the day, to catch you up on all you need to know!

6:00 PM

Popcorn Culture

7:00 PM

Just For Kicks

8:00 PM

Bar None

9:00 PM

The Selector