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 : Marketing Mojo: The 4 I’s of Winning Digital Marketing Strategy

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

Dovish or hawkish? Over or underweight? Bull or Bear? We find out how the different asset classes and markets react to the latest news, results and even geopolitical events.

7:15 AM

Morning Brief

We recap global and local headlines from today's papers and portals.

7:30 AM

Morning Brief

Wong Kar Choon, Deloitte SEA-Malaysia talks IPO pipelines in ASEAN and Singaporean companies looking to do their secondary listings on Bursa.

7:45 AM

Morning Brief

Azril Rosli of Maybank discusses the impact of US President Donald Trump’s tariffs on Malaysia’s economy.

8:00 AM

The Breakfast Grille

Ruben Gnanalingam of WMSB discusses how the firm navigates US tariffs and global supply chain disruptions.

8:30 AM

Morning Brief

Vandana Hari, Founder & CEO of Vanda Insights gives us some clarity on the volatile oil prices, impacted by the US tariffs.

8:45 AM

Morning Brief

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

9:00 AM

Opening Bell

We talk to Vishnu Varathan of Mizuho Bank on local and international capital markets, including a look at how Bursa Malaysia begins the trading day.

9:15 AM

Opening Bell

We speak to Jerry Goh of ABDRN on the positive year to date gains has been the Jakarta Composite Index.

9:35 AM

People, Planet, Profit

Amin Majid and Khoo Yu Lin discuss what went into drafting the CCUS bill, which was passed in Parliament in March.

10:05 AM

Open For Business

Breathe Better, Train Harder

11:00 AM

Marketing Mojo

The 4 I’s of Winning Digital Marketing Strategy

12:00 PM

Enterprise Explores

Consumer Credit Bill 2025 - What We Know So Far

1:00 PM

The Breakfast Grille Repeat

Datuk Ruben Emir Gnanalingam, Executive Chairman, Westports Holdings Bhd

2:05 PM

Discovery Hour

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

3:05 PM

Beyond the Ballot Box

You get a tariff, you get a tariff, everyone gets a tariff -- Trump is back with a new wave of tariffs, and this time, ASEAN is in the crosshairs. We explore the challenges and opportunities that come with it.

4:05 PM

Health & Living

As you wish others “maaf zahir dan batin”, what does it truly take to forgive someone? A counsellor shares how we can all learn to forgive, and whether we need to forget.

5:00 PM

Top 5 at 5

6:00 PM

Talkback Tuesday

8:00 PM

BBC World Service