Saturday, December 12, 2015

Tenaga and IRB

Tenaga Berhad is government linked corporations. It was recently slapped with tax bill of 2 billion ringgit.

It is a big amount for any corporations, and knowing that it is a GLC, it is a very rare incident.

Could not help but think it is related to its lowest bid for the 1MDB assets.

At any instant, there are competing interest within the government, and the tax bill is probably a long time coming, but is not issued until the failed bid.

Some man in the corridor decided that it is time to teach the management who is the boss.