LTAT’s overhaul needs more than wordplay
And the potential buyer of Axiata's stake in fintech firm Boost.
Last Thursday, I conducted a media workshop for a media company. We covered fact-checking, defamation and stories from the trenches. It’s been a long time since I took up such gigs and I kinda enjoyed it, for the fact that the media itself has become more diversified. As it should be.
My revenue stream diversified, too. Badumtsss. What’s the word they use these days? Fractional? Yeah, if you’d like some fractional, one-off media training or strategy consultancy, I have a few days open in March. Just drop me an email.
⚠️ In case you missed yesterday’s newsletter 👇🏽
A 🛍️ of stories today:
The hurdles around armed forces fund LTAT’s turnaround project and a newsbreak of a rumoured Boustead asset sale.
A look at discharges not amounting to acquittals for VVIPs.
The identity of a potential buyer of a stake in Axiata’s digital financier Boost (I have a name).
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Project Earth is the latest plan by armed forces’ pension fund Lembaga Tabung Angkatan Tentera (LTAT) to turn around its fortunes.
It’s an interesting play of words as the previous attempt was known as Project Moonshot. Not sure if this is ominous — that the turnaround attempts would ultimately be grounded (pun intended) — but time is of the essence for LTAT, the problem child in the government-linked investment company (GLIC) family.
When Defence Minister Mohamed Khaled Nordin announced Project Earth in the Dewan Rakyat last Tuesday, details weren’t earth-shattering. The plan was approved by the Cabinet in August 2024, but the minister didn’t flesh out the key points.
Project Moonshot was initiated in 2023 and, among others, sought to: