Yes, any coalition that is formidable enough to fight Barisan Nasional has to be broad-based.
Still, it will give the government a good excuse to make Tenaga Nasional more efficient.
Malaysian sovereign-wealth fund Khazanah Nasional made a bid for Bank of Ayudhya months ago, the people said.
Mr Najib's Barisan Nasional (BN or National Front) coalition won 133 of the 222 parliamentary seats on Sunday.
Key state companies now have new CEOs, among them oil giant Pertamina, power monopoly PLN and Bank Nasional Indonesia.
The middle ground of Malaysian politics can still win, but it won't be the old Barisan Nasional of conservative race-based parties.
Malaysian state investment firm Khazanah Nasional, which owns close to 70% of Malaysia Airlines, will get a 10% stake of Air Asia.
This is the symbol of Barisan Nasional, the coalition that rules Malaysia.
They include Bank Central Asia, owned by Suharto associate Liem Sioe Liong's family, and Bank Umum Nasional, of fellow crony Mohamed "Bob" Hasan.
It was expected to win a simple majority but 24 hours before the election, the tide was turned in favor of Mahathir's Barisan Nasional.
To the credit of the Malaysian system, for all the layers of favoritism enjoyed by the Barisan Nasional incumbents, the distilled gripe was allowed to be expressed.
The three-day meeting, held June 18-20, was the first general assembly by UMNO, the dominant party in Malaysia's ruling Barisan Nasional coalition, since Anwar's acrimonious ouster last September.
General elections are not due until next year but are expected much sooner, and Mahathir is sure to pick the moment most advantageous for himself and the ruling Barisan Nasional coalition.
Not only did she keep the flame of her husband's cause alive, she also gave organizational form to the movement by launching Parti Keadilan Nasional - National Justice Party - in April.
After the general elections, in which the ruling Barisan Nasional coalition kept its two-thirds parliamentary majority but UMNO saw its ethnic-Malay powerbase seriously eroded by the Islamist Pas, UMNO morale plummeted and doubts grew about the party leadership.
The latest fad among emerging-market bond investors, eager to get a piece of the action, is to queue up for bonds with 100-year maturities, such as those issued by the Chinese government and Tenaga Nasional, a Malaysian electrical utility.
Tony Fernandes, the bullish chief executive, says that his dream of a new airport was born out of frustration with Malaysia Airports, KLIA's operator, which is controlled by Khazanah Nasional, the government's investment fund, as is Malaysia Airlines, the national flag-carrier.
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