This is a study of Malaysia’s new political economy, with a focus on ownership and control of the corporate sector. It offers a pioneering assessment of government-linked investment companies (GLICs), a type of state-owned institution that has long prevailed in the corporate sector but has not been analysed. Malaysia’s history of government-business ties is unique, while the nature of the nexuses between the state and the corporate sector has undergone major transitions. Corporate power has shifted from the hands of foreign firms to the state to the ruling party, and well-connected businessmen, and back to the state. Corporate wealth is now heavily situated in the leading publicly-listed government-linked companies (GLCs), controlled through block shareholdings by a mere seven GLICs under the jurisdiction of the Minister of Finance. To indicate why these GLICs are important actors in Corporate Malaysia, this study provides a deep assessment of their ownership and control of Bursa Malaysia’s top 100 publicly-listed enterprises.
‘By focusing on GLICs, Minister of Finance Incorporated ignites new debates around the role of the government in the Malaysian economy. Through excellent academic research, novel insights are provided about the old question of ownership and control of Corporate Malaysia. Terence Gomez, and his team, further the research on government-business ties, enhancing our knowledge of GLICs by mapping out their corporate influence. This highly thought-provoking book offers timely and considered analysis of the concentration of power in the office of the Minister of Finance.’
Elsa Lafaye de Micheaux
Centre for Southeast Asian Studies (Paris), Rennes 2 University
‘Minister of Finance Incorporated is an authoritative and meticulous account of changes in ownership and control of Malaysian corporations. The study traces the receding role of politicians in publicly-listed companies and the remarkable concentration of economic power in the office of the Prime Minister, the Ministry of Finance and its holding company, MoF Inc., along with six other GLICs. Minister of Finance Incorporated’s scrupulously empirical X-ray of Corporate Malaysia is presented in a lucid, well-organized and fluent manner.’
Jan Nederveen Pieterse
University of California, Santa Barbara]]>
Author: Elsa Lafaye de Micheaux
New Pb425 pp.
Subjects: History & Biography, Economics, Malaysia
As Malaysia grappled with bitter ethnic and political tensions at the end of the 1960s, the government initiated growth-oriented economic reforms to promote cohesion in the young, multi-ethnic nation. The large scale and lasting effects of these policies forged the countries’ exceptional economic development: by 2020, Malaysia will likely enter the club of ‘high-income’ countries.
Author: Shariza Kamarudin
Format: Paperback 142 pp.
Subjects: Gender, Law, Religion
“‘Getting By’ illuminates in arresting detail what it means to be working-class ethnic Chinese in Malaysia where racial discrimination molds everyday existence. Donald M. Nonini’s deep ethnography of ethnic Chinese under siege tracks their daily practices of surviving as a subjugated ethnic and class minority. The political, economic, social, and cultural costs of living under majority rule inspire an art of deception and disputation, as well as backup plans to leave a beloved multiethnic homeland. This rare ethnographic history of the Malaysian present is a path-breaking intervention in Chinese diaspora studies. It casts a necessary light on how ordinary ethnic Chinese, often vulnerable to racial discrimination, are the urban backbone of Southeast Asia.”
“It is becoming increasingly important within Malaysia to understand local political dynamics and the ways in which they impact upon the national distribution of power, especially now that the ruling coalition led by UMNO depends upon the support of Sarawakians to be returned to power. This publication is an important contribution to deepening our understanding of local political dynamics in a Malaysian state.”
The Mekong Program on Water, Environment and Resilience (M-POWER) is a network of organizations and individuals collaborating to democratize water governance in the Mekong Region. Since 2006, M-POWER has developed and implemented a wide range of activities across Cambodia, southern China, Laos, Myanmar, Thailand and Vietnam. Younger and older scholars, practitioners and ex-officials have probed water resources decision-making, prodded policy actors on their positions, and proposed ways for more inclusive, deliberative and adaptive water governance. Water Governance Dynamics in the Mekong Region is the fifth and final book in this series. A decade on and it is far from obvious that the promises of democratization and improved public accountability are inevitable. The need for multi-disciplinary scholarship and constructive contestation remains.
1. Introduction: A Backdrop to Water Governance Dynamics in the Mekong Region
David J.H. Blake and Lisa Robins
2. Iron Triangles, Rectangles or Golden Pentagons? Understanding Power Relations in Irrigation Development Paradigms of Northeast Thailand and Northern Cambodia
David J.H. Blake
3. Arenas of Water Justice on Transboundary Rivers: A Case Study of the Xayaburi Dam, Laos
Carl Middleton and Ashley Pritchard
4. Diverted Justice: The Lower Sesan 2 Dam and the Role of Law in Cambodian Hydropower Development
5. China’s Dam Diplomacy in the Mekong Region: Three Game Changers
6. Hydropower Decision-making in Myanmar: Insights from Myitsone Dam
Zhu Xianghui, Tira Foran and David Fullbrook
7. Social Movement Resistance to “Accumulation by Dispossession” in Myanmar: A Case Study of the Ka Lone Htar Dam near the Dawei Special Economic Zone
Zaw Aung and Carl Middleton
8. “Fishing–Farming” Communities around Tonle Sap Lake, Cambodia: Fisheries Reforms, Natural Resource Management and Changing Livelihood Patterns
9. Water Governance in a Changing Era: Perspectives on Vietnam
Tien L.T. Du, Duong D. Bui, Xuan T. Quach and Lisa Robins
10. Dike Compartments in the Mekong Delta: Case Studies in Water Governance, Farming Systems and Adaptation to Water-Regime Changes in An Giang Province, Vietnam
Nguyen Van Kien, David Dumaresq and Charles Howie
Developed as an exploratory study of artworks by artists of Singapore and Malaysia, Retrospective attempts to account for contemporary artworks that engage with history. These are artworks that reference past events or narratives, of the nation and its art. Through the examination of a selection of artworks produced between 1990 and 2012, Retrospective is both an attribution and an analysis of a historiographical aesthetic within contemporary art practice. It considers that, by their method and in their assembly, these artworks perform more than a representation of a historical past. Instead, they confront history and its production, laying bare the nature and designs of the historical project via their aesthetic project.
Positing an interdisciplinary approach as necessary for understanding the historiographical as aesthetic, Retrospective considers not only historical and aesthetic perspectives, but also the philosophical, by way of ontology, in order to broaden its exposition beyond the convention of historical and contextual interpretation of art. Yet, in associating these artworks with a historiographical aesthetic, this exposition may be regarded as a historiographical exercise in itself, affirming the significance of these artworks for the history of Singapore and Malaysia.
In short, which history rarely is, Retrospective is about the art of historicisation and the historicisation of art.
Author: Lukas Straumann
Format: Paperback 323 pp.
Subjects: Environment & Ecology, Malaysia
Gila Balak menyiasat apa yang telah disebut oleh Gordon Brown sebagai “jenayah alam sekitar terbesar masa kini”: kerosakan hutan hujan secara besar-besaran oleh pembalak-pembalak Malaysia. Sejarahwan dan aktivis, Lukas Straumann bukan sahaja “mencari semula” hutan hujan yang telah “hilang” dan orang-orang yang pernah suatu ketika dahulunya tinggal menetap di situ, malah beliau juga menelusur setiap jaringan penjenayah yang telah mengaut keuntungan ribuan juta melalui rasuah dan jualan kayu balak haram.
Straumann telah menamakan Abdul Taib Mahmud, Yang di-Pertua Negeri Sarawak sebagai kepala mafia kayu balak Asia. Pada masa yang sama, Straumann juga menunjukkan betapa keluarga Taib dengan bantuan rakan subahat utama iaitu institusi-institusi kewangan telah berjaya meraih laba keuntungan sebanyak USD 15 ribu juta. Gila Balak ialah kisah sekelompok masyarakat yang kehilangan warisan “syurgaloka” turun-temurun yang telah digalang ganti dengan ladang-ladang kelapa sawit, pencemaran dan rasuah. Dan kini, mereka berjuang menuntut kembali “kehilangan” itu.
Comintern (Communist International, 1919-1943) files kept in a Russian Archive were opened to the public in 1991. Various documents relating to the Malayan Communist Party (MCP) were contained therein. Relying on these documents, this research reveals many important and hitherto unknown facts. Consulting with previous works done by C.F. Yong, Cheah Boon Kheng and others, we can identify the extent to which the British colonial Special Branch intercepted them.
The inaugural congress of the MCP, which initially depended heavily on the Comintern’s instructions, was held on 22-23 April and 21 May 1930. Consistent pivotal points of the instructions were to refrain from armed insurgency and to make every effort to obtain the support of Malays and Indians. Although instructions were stopped after 1935, the MCP continued sending reports until the Pacific War started. These reports depict its internal disputes between the left wing and the right wing, which is supposed to have been headed by Lai Teck. Without instructions from the Comintern, the MCP further strengthened its influence among the people through labour as well as anti-Japanese movements.
About the Author
Fujio Hara (Hara Fujio in Japanese order) earned his PhD from the University of Tokyo. After working at the Institute of Developing Economies from 1967-99, he became a Professor at Nanzan University (1999-2012). He has at various times been attached to Universiti Sains Malaysia, the University of Malaya, Xiamen University, and the Yusof Ishak Institute-ISEAS. His main works include The Japanese in British Malaya (1986) and Malayan Chinese and China (1997)