Cover Story

Is Malaysian media being monopolised by cronies?

Media Prima
Datuk Mohd Ibrahim Mohd Nor’s flagship vehicle Gabungan Kesturi Sdn Bhd and the Employees Provident Fund (EPF) are the largest shareholders.

Media Chinese International
Timber and media mogul Tan Sri Tiong Hiew King helms the group. His personal net worth is estimated at US$1.5 billion and he is ranked by Forbes as the ninth richest man in Malaysia in 2012. Tiong was a former senator for BN coalition partner SUPP.

The Star Publications
In 2010, MCA acquired a 42.4% stake in the group (worth) RM1.28 billion from its investment arm Huaren Holdings.

KTS Group
The company with extensive ties to SUPP in Sarawak has been a big player for the past half century in timber, oil palm, prawn farming, food manufacturing, glass sand making and shipbuilding. Founded by the late Dato Sri Lau Hui Kang, brother of the late Deputy Transport Minister Datuk Robert Lau Hoi Chew.

Berjaya Corp
The fifth largest conglomerate in Malaysia, boasts 150 companies in its stable and spans a vast range of sectors. Tycoon and founder Tan Sri Vincent Tan, has a personal net worth of US$1.2 billion and is ranked by Forbes as the tenth richest man in Malaysia in 2012.

Tan Sri Ananda Krishnan’s telecommunications empire covers telco company Maxis, satellite television channel Astro, satellite system Measat, and power generation system Tanjong PLC. The second richest man in Malaysia is worth an estimated US$9.9 billion.

Tamil Nesan, Makkal Osai, Naam Naadu
Tamil Nesan is owned by former MIC President Samy Vellu, while Makkal Osai is in the hands of former MIC Deputy President S. Subramaniam. New kid on the block Naam Naadu is said to be controlled by Malaysian Associated Indian Chamber of Commerce and Industry (MAICCI) president Kenneth Eswaran.

Khazanah Nasional
The Barisan Nasional government’s largest investment arm is, together with Tan Sri Ananda Krishnan, the largest shareholder in Usaha Tegas group holdings – the owner of telco giant Maxis. Khazanah also owns Celcom and Telekom Malaysia.

Utusan Melayu Group
UMNO owns a 49.77% stake in Utusan Malaysia, the ultra right-wing Malay language newspaper.

Read the first part of our story here:

One comment on “Is Malaysian media being monopolised by cronies?

  1. Pingback: The Rocket — Why the mainstream media is losing out

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