Thieves! Thieves! Believe it or not, a blogger friend who's going to break the story told me, someone high up in the government is trying to "transform" the National Heart Institute (IJN) into something different from its current form. This time it's not Sime Darby, the blogger told me.
The story's coming, in a couple of hours.
Updated 12:06, Wednesday 21/10/2009
Big Dog reports:
"There is a fresh proposal to privatise the government facility. Management managed to obtain the full resolution of the BOD and full blessing of the Economic Planning Unit to do a Widespread Asset Unbundling (WAU) scheme to separate the operations within IJN and created new subsidiaries. WAU was first introduced by the Economic Adviser Tan Sri Nor Mohamad Yaackop for the asset restructuring of heavily geared Malaysia Airlines (MAS) and creation of Penerbangan Malaysian Bhd. as the SPV to undertake the holding and ownership of all MAS assets, especially aircrafts."
Read the entire article, The IJN Disembowelment, part II.