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 : The Selector

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

David Dietze, Chief Investment Strategist at Dietze Wealth Management Group 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

Shukor Yusof of Endau Analytics discusses how the US shutdown and FAA flight cuts could impact Asia’s aviation sector.

7:45 AM

Morning Brief

Lavanya Venkateswaran, Senior ASEAN Economist, OCBC gives us her thoughts on BNM’s OPR and an outlook of Malaysia’s growth heading into next year.

8:00 AM

The Breakfast Grille

Dr. Deborah Elms of the Hinrich Foundation and Vishnu Varathan of Mizuho Bank discuss the economic and geopolitical implications of US President Donald Trump’s East Asia tour ASEAN trade and regional relations.

8:30 AM

Morning Brief

Dr Renato Lima de Oliveira, Faculty Director of the Center for Technology, Strategy & Sustainability, Asia School of Business unpacks the COP30 climate conference as well as Malaysia's climate policies.

8:45 AM

Morning Brief

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

9:00 AM

Opening Bell

(REPEAT) David Dietze, Chief Investment Strategist at Dietze Wealth Management Group tells us where international markets are heading.

9:15 AM

Opening Bell

(REPEAT) Lavanya Venkateswaran, Senior ASEAN Economist, OCBC gives us her thoughts on BNM’s OPR and an outlook of Malaysia’s growth heading into next year.

9:35 AM

What's The Focus

We wrap up the week’s biggest conversations to keep you in the know.

10:05 AM

Open For Business

Diane Chia, Millennia Village; Raja Jesrina Arshad, PurelyB; Sarah Lian, Supparetreat

11:00 AM

Mattsplained

Matt Armitage, Founder, Kulturpop

12:00 PM

Enterprise Explores

Janice Chong, Co-Founder & Programme Director, Edvolution

1:00 PM

The Breakfast Grille Repeat

Our flagship show, we feature both game-changers and groundbreakers in the hot seat.

2:05 PM

Discovery Hour

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

3:05 PM

Front Row

We find out more about Ravel 150, a brand-new double-bill production by KL City Opera celebrating the genius of French composer Maurice Ravel.

3:20 PM

Front Row

We find out about “Siapa Cacat?” a performance by the disabled, about the disabled, for everyone, created and performed by a collective of deaf, disabled, and neurodivergent artists.

4:05 PM

Health & Living

Doctor in the House: Can you surgically treat obesity with an endoscope, and is it suitable for everyone? We ask a bariatric surgeon.

5:00 PM

Top 5 at 5

6:00 PM

Popcorn Culture

We review Predator: Badlands, and then discuss the best and worst movies/shows from long-running franchises.

7:00 PM

Just For Kicks

8:00 PM

Bar None

9:00 PM

The Selector