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 : Opening Bell: (REPEAT) Song Seng Wun, Economic Advisor, CGS International Securities

Today’s Shows



6:00 AM

The 6AM Stretch

7:00 AM

World Market Watch

Song Seng Wun, Economic Advisor, CGS International Securities

7:15 AM

Morning Brief

7:30 AM

Morning Brief

Dr. Abdul Rahman Yaacob, Research Fellow, Southeast Asia Program, Lowy Institute

7:45 AM

Top Story

Wan Amirah Wan Usamah, Research Associate, KRI

8:00 AM

The Breakfast Grille

Mike Jatania, Executive Chairman, The Body Shop

8:30 AM

Morning Brief

amkarpal Singh, Former Deputy Minister in the Prime Minister's Department (Law and Institutional Reform)

8:45 AM

Morning Brief

9:00 AM

Opening Bell

(REPEAT) Song Seng Wun, Economic Advisor, CGS International Securities

9:15 AM

Opening Bell

9:35 AM

The Property Show

Tan Kian Aun, President of the Malaysian Institute of Estate Agents

10:05 AM

Open For Business

George Lee, the Founder and CEO of Innov8tif Solutions Sdn Bhd

11:00 AM

The Workplace

Violet Yeo, Co-founder of Cloudsquire

12:00 PM

Enterprise Explores

Arina Kok, Partner, EY

1:00 PM

The Breakfast Grille Repeat

2:05 PM

Discovery Hour

By the Book: Bibliography - Salman Rushdie

3:05 PM

Earth Matters

What is the Nature Conservation Index?; Chrishen Gomez, PHD Student, University of Oxford, and Researcher, Oxford’s Wildlife Conservation Research Unit (WildCRU)

4:05 PM

Health & Living

Public Health: Why Was Pneumonia The Top Cause Of Death in 2023?; Azrul Mohd Khalib, CEO, Galen Centre for Health & Social Policy | Prof Dr Ahmad Izuanuddin Ismail, President, Malaysian Thoracic Society | Dr Mohd Arif Mohd Zim, Consultant Respiratory Physician

5:00 PM

Top 5 at 5

6:00 PM

Good Things

TBC; Justin Lee, Director, Bike Commute Malaysia

7:00 PM

Made in Malaysia

The Global Threads Malay Textiles Weave; The Global Threads Malay Textiles Weave; The Global Threads Malay Textiles Weave; The Global Threads Malay Textiles Weave; John Ang, textile collector, art historian and curator

8:00 PM

Cruise Control

Daniel Fernandez, Managing Editor, dsf.my

9:00 PM

The Pulse