Reshuffle likely as PM sets sights on general election
A Cabinet reshuffle is on the cards as Datuk Seri Najib Tun Razak sets his sights on a general election next year. The reshuffle, expected by next month, will enable him to form a strong team to help him implement the economic and transformation policies he has put in place and carry the Government into the 13th general election. It is understood the impending reshuffle will not be as major as Najib’s first reshuffle shortly after he came in as Prime Minister, nor as minor as the one last year. But it will be quite substantial, with at least three ministers likely to make way for younger leaders. Of the three, one is said to be a senior face from the Tun Dr Mahathir Mohamad era while the other two had joined the Cabinet of Tun Abdullah Ahmad Badawi. Among some of his choices to promote to the Cabinet are deputy ministers Datuk Saifuddin Abdullah (Higher Education), Datuk Mukhriz Mahathir (International Trade and Industry), Datuk Dr Latiff Ahmad (Defence) and Datuk Razali Ibrahim (Youth and Sports). (TheStar)
Samy to reveal resignation details on 13 Dec
Datuk Seri S. Samy Vellu said Sunday that he will reveal on 13 Dec details about his resignation as MIC president. The 74-year-old leader said he looked forward to stepping down as MIC president as it would give him plenty of time to spend with his family, friends and also the community. "On that particular day (13 Dec), I will also announce what my plans are after I step down as president," he told reporters after officiating Malaysian Hindu Youth Council's 46th AGM here. Samy Vellu is the longest serving MIC chief, holding the post since 1979 for 11 consecutive terms. He was Works Minister and the longest serving minister in the cabinet until he lost his parliamentary seat in the 2008 general elections. (TheStar)
Halim Saad eyes QSR
Tan Sri Halim Saad, the former boss at Renong/UEM Group, has made an offer to acquire Pizza Hut restaurant operator QSR Brands’ entire business that includes its controlling stake in KFC Holdings (M) Bhd. The board is in the midst of deliberating on the proposal and will make further announcements in due course,'' QSR said in a short statement to Bursa Malaysia last Friday. QSR indicated that the offer was priced at RM5.60 per share, at a discount to the last closing price. Idaman Saga is owned by Halim and Datuk Che Mokhtar Che Ali, the statement said. The latest filing with Bursa Malaysia showed Johor Corp-controlled Kulim (M) Bhd owned a 57.8% stake in QSR. (Financial Daily, Bursa)
YTL Comms extending coverage
YTL Communications SB (YTL Comms) will roll out its 4G mobile Internet-with-voice service, Yes, to cover 80% of the population by end-2011. YTL Comms, a unit of YTL Power International Bhd, currently has a coverage of 65%. To date, it has invested some RM2.5bn in the Yes 4G infrastructure. Executive director Datuk Yeoh Seok Hong said that with 1,500 base stations, the event marked the largest network ever launched in the country. We still have 1,000 base stations to be deployed. By then, 80% of the population will be covered, he said. (StarBiz)
Brunei to buy power from Lawas, Limbang plants
Brunei has offered to purchase power to be generated by the proposed hydroelectric plants to be set up in Limbang and Lawas, Sarawak. Sarawak’s Second Minister of Planning and Management, Datuk Amar Awang said in Lawas that while the actual commencement dates for the projects have yet to be fixed, Brunei had already showed keen interest in the power plants. Sarawak recently invited several foreign competitors to bid for the two hydroelectric projects which would have a total generating capacity of 343MW. The Limbang project is estimated to generate 245MW and Lawas the remaining 100MW. (Malaysian Reserve)
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