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 : World Market Watch: Joe Quinlan, Chief Market Strategist, US Trust-BOA Private Wealth...

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

Joe Quinlan, Chief Market Strategist, US Trust-BOA Private Wealth Management 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

Dr. Jayant Menon, Visiting Senior Fellow at the ISEAS Yusof Ishak Institute, discusses the realities of middle powers' geoeconomic choices.

7:45 AM

Morning Brief

Syafiq Ridzwan, Chief of Information of the Malaysian Youth Council discusses measures to attract youth to join the civil service.

8:00 AM

The Breakfast Grille

Prof. Emerita Dr. Durisha Idris, Vice-Chancellor of IJN University College, discusses the institute’s unique programs and its future plans to achieve full university status.

8:30 AM

Morning Brief

Bradley Freeman, Professor of Creative Arts & Media, School of Arts, Sunway University discusses the changes coming to TikTok after they announced changes to their ownsership structure.

8:45 AM

Morning Brief

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

9:00 AM

Opening Bell

(REPEAT) Joe Quinlan, Chief Market Strategist, US Trust-BOA Private Wealth Management tells us where international markets are heading.

9:15 AM

Opening Bell

(REPEAT)Stefan Angrick, Head of Japan Economics at Moody’s Analytics, on Japan's economy outlook 2026.

9:35 AM

People, Planet, Profit

We cover the latest news and views in the ESG space to help businesses thrive with impact.

10:05 AM

Open For Business

Amy Gan, Vice President of Marketing, Etika; and Pearl Liang, from SJK(C) Serdang Baru 1, Selangor (Grand prize winner of Goodday KidStart 3.0 for her innovative idea, “AI Unicorn”.)

11:00 AM

Marketing Mojo

Malaysia’s festive calendar is crowded, but not all holiday campaigns cut through. PHD Malaysia’s David Soo shares how brands can sharpen their messaging, timing, visuals, and spend to drive real impact across multicultural festive moments.

12:00 PM

Enterprise Explores

Nick Eayrs, VP of Field Engineering, APJ at Databricks

1:00 PM

The Breakfast Grille Repeat

Prof. Emerita Dr. Durisha Idris, Vice-Chancellor of IJN University College, discusses the institute’s unique programs and its future plans to achieve full university status.

2:05 PM

Discovery Hour

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

3:05 PM

Beyond the Ballot Box

We speak to Danesh Prakash Chacko, the chairperson of Tindak about their ‘petugas’ program and why you should get involved.

4:05 PM

Health & Living

Olympian and former national artistic gymnast Farah Ann talks about the ups and downs of her career, and how she coped with the immense pressure on her mental health.

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

Talkback Tuesday