Chinese Business in Malaysia: Accumulation, Ascendance, by Edmund Terence Gomez

By Edmund Terence Gomez

Even though chinese language firm has contributed considerably to fiscal development in Malaysia, there was unusually little examine at the topic. This ebook examines 8 huge ethnic chinese language company organizations in Malaysia via a meticulous research in their histories and function, contextualizing inside an anlysis of Malaysia's monetary improvement.

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By Edmund Terence Gomez

Even though chinese language firm has contributed considerably to fiscal development in Malaysia, there was unusually little examine at the topic. This ebook examines 8 huge ethnic chinese language company organizations in Malaysia via a meticulous research in their histories and function, contextualizing inside an anlysis of Malaysia's monetary improvement.

Show description

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Additional resources for Chinese Business in Malaysia: Accumulation, Ascendance, Accommodation (Chinese Worlds)

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The directors of the company are Lim) his wife and his children, whi l e the maj ority shareholder was another p rivate company, Asola Sdn Bhd . Lim's links with Malay politicians enabl ed him to obtain and keep a casino licence despite criti cism from Islamic elements. Abdullah Ahmad, a former M em b e r of Parliament and political secretary to Prime Minister Raza k, attribu ted Lim's success to (foresight,' b u t added th a t

So as a group we have taken the Until the early 1 9 70 s, most of Kuok's business activities were company came close to bankruptcy in the mid- 1 9 80s. In 1 9 86, the for his normally reclusive laissez-faire economy Kuok was also open in his support for the discredited MCA presi dent Tan Koon Swan. Kuok even personally in Asi a . turned up in Singapore to post a SS2 million bail for the business­ O n e incident cited a s a reason for Kuok's move abroad w a s his unsuccessful attempt to secure government approval to export sugar man-cum-politician.

6 5 4 Bhd, Lee sold of his equity in the company because he ' didn't want to b illion, making i t th e largest single hol der o f corporate stock compete with a government company' (Asiaweek 1 9 May 1 9 85) . Lee (Malaysian Business 1 December 1 99 3 ) . PNB's assets then comprised would, 26 per cent of the finance sector, 26 per cent of the hotel industry, 5 7 investment holding company established by the MeA as a means however, p e r cent of the manufacturing sector, five p e r cent of the pl a nta tion to sector, six per cent of the property s ector and six per cent of the economic interests.

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