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 : Mattsplained: Matt Armitage, Founder, Kulturpop

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

Prof. Alexis Dudden of NUS discusses what’s at stake in Japan’s snap election this Sunday.

7:45 AM

Morning Brief

Dr. Renard Siew, Climate Change & Sustainability Expert discusses if Malaysia’s e-waste import ban will make a real change.

8:00 AM

The Breakfast Grille

Juan Carlos Moreno Gutiérrez, Chargé d’Affaires of Colombia in Malaysia, discusses Colombia-Malaysia ties and his views on the US–Venezuela crisis.

8:30 AM

Morning Brief

Dr. Michael Montesano, Associate Senior Fellow, ISEAS-Yusof Ishak Institute talks about Thai election.

8:45 AM

Morning Brief

Trung Ghi, Partner and Head of Energy & Utilities at Arthur D. Little in Asia Pacific, discusses the global critical minerals landscape in the wake of US government's recent moves.

9:00 AM

Opening Bell

(REPEAT)Tim Mulholland, President, TJM Limited, Chicago tells us where international markets are heading.

9:15 AM

Opening Bell

Geoff Howie, Market Strategist, Singapore Exchange gives us an outlook for Singapore's market.

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

Co-founders Sean Tan and Jesmine Tan join us to break down what has changed since we last spoke to them in 2024, how their revenue mix and operations have evolved, the commercial logic behind their move into kids skincare, the economics of selling across online and physical retail, and how they are balancing scale with profitability as they plan for 2026 and beyond.

11:00 AM

Mattsplained

Matt Armitage, Founder, Kulturpop

12:00 PM

Enterprise Explores

MTDC 2

1:00 PM

The Breakfast Grille Repeat

Juan Carlos Moreno Gutiérrez, Chargé d’Affaires of Colombia in Malaysia, discusses Colombia-Malaysia ties and his views on the US–Venezuela crisis.

2:05 PM

Discovery Hour

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

3:05 PM

Front Row

Tune in to find out about the latest happenings in the local arts scene, and get the lowdown on the best shows and exhibitions in town.

3:20 PM

Front Row

Tune in to find out about the latest happenings in the local arts scene, and get the lowdown on the best shows and exhibitions in town.

4:05 PM

Health & Living

We look at MAKNA’s 30-year history in helping improve the lives of cancer patients.

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

We review Sam Raimi’s survival-horror flick, Send Help, and then ask: What are the best depictions of survival, whether in movies or TV?

7:00 PM

Just For Kicks

8:00 PM

Bar None

Bowling legend, Esther Cheah joins us in the studio to reflect on her career after announcing her retirement recently.

9:00 PM

The Selector

Covering all styles of music from indie, dubstep, folk, soul, electro and everything in between from some of the most exciting artists in the UK.