PRIVATIZATION Privatization in Malaysia, Regulation, rent-seeking and policy failure

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Privatization in MalaysiaRegulation
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Privatization in MalaysiaRegulation
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Dedicated to my parents, Tan Siew S
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viiiContentsProblems 123Conclusion
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xTables6.02 Asia Pacific airlines:
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AbbreviationsAFTAAFTKAPTKARPASEANAS
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LoSLPPJLRTLTALTATLTDLTLMARAMASMBOMC
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1 IntroductionWhy privatize?The deb
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Introduction: why privatize? 3neces
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Introduction: why privatize? 5count
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2 Privatization, rents andrent-seek
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Privatization, rents and rent-seeki
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What is needed to make privatizatio
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3 Institutional and politicalfailur
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Institutional and political failure
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Malaysia’s national sewerage syst
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Table 4.01 IWK: Performance summary
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Table 4.09 IWK: Tariff revisions, 1
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Kuala Lumpur Light Rail Transit 107
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Table 5.01 Kuala Lumpur LRT: Financ
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Table 5.03 Regional urban rail syst
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6 Perverse incentivesMalaysia Airli
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Malaysia Airlines 135Both types of
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Malaysia Airlines 137The industry i
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BackgroundMalaysia Airlines 139The
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Malaysia Airlines 141improvements i
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Malaysia Airlines 143Table 6.03 Reg
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Table 6.04 MAS: Leverage ratios and
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Malaysia Airlines 147debt as early
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Malaysia Airlines 149with the Maldi
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Malaysia Airlines 151its fleet to a
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Malaysia Airlines 15312 November 20
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Malaysia Airlines 155state not inte
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Malaysia Airlines 157overall indust
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Proton 159was technology acquisitio
Page 178 and 179: Proton 161(when Proton’s domestic
Page 180 and 181: Proton 163Late-comer and specific c
Page 182 and 183: Proton 165Motor Company (MMC), in M
Page 184 and 185: PerformanceProton 167Although Proto
Page 186 and 187: Table 7.03 Proton: Profitability, 1
Page 188 and 189: Proton 171be able to develop its ow
Page 190 and 191: Proton 173Table 7.08 Proton: Export
Page 192 and 193: Table 7.09 Proton: Impact of reduct
Page 194 and 195: Proton 1778 May 2004). Overall, Pro
Page 196 and 197: Proton 179DRB-HICOM for RM297 milli
Page 198 and 199: Proton 181to go about it’ and Pro
Page 200 and 201: Proton 183competitiveness needed to
Page 202 and 203: Proton 185Although Proton was finan
Page 204 and 205: Proton 187Proton’s poor performan
Page 206 and 207: Summary and conclusion 189necessita
Page 208 and 209: Summary and conclusion 191appropria
Page 210 and 211: Summary and conclusion 193cost per
Page 212 and 213: Summary and conclusion 195that it i
Page 214 and 215: Notes 197directed primarily at the
Page 216 and 217: Notes 1996 IWK was incorporated as
Page 218 and 219: Notes 20111 This comprised EPF (20
Page 220 and 221: Notes 203million new ordinary share
Page 222 and 223: Notes 20515 Proton’s market share
Page 224 and 225: References 207Aziz Zariza Ahmad (19
Page 226 and 227: References 209Chee P.L. and Fong C.
Page 230 and 231: References 213—— (2002) World A
Page 232 and 233: References 215Mustapa Mohamed on Ec
Page 234 and 235: References 217Lum W.K. (1994) ‘Pr
Page 236 and 237: References 219Payson, W. and Steckl
Page 238 and 239: References 221—— (2002) (SMRT)
Page 240: Newspapers, magazines, websites and
Page 243 and 244: 226 IndexBumiputra National Economi
Page 245 and 246: 228 IndexEmployees Provident Fund s
Page 247 and 248: 230 Index99-100, 104; industrial ta
Page 249 and 250: 232 Index41, 50, 65, 71-2, 77, 191;
Page 251: 234 Indextechnology: acquisition an
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