The Malaysianist

The Malaysianist

Tengku Zafrul builds his comeback machine

Plus: Loose ends and painful Hodls.

Feb 12, 2026
∙ Paid

And we have a News, ideas and Everything in between. Today’s brief takes a stab at three things:

A think tank backing former minister and political aspirant Tengku Zafrul Aziz.

Tying up loose knots on MACC chief commissioner Azam Baki’s defence that he is no longer a shareholder in two companies: Awanbiru and Velocity Capital.

Bloomberg this morning released another explosive feature on the MACC, basically asking the who-watches-the-watchman question.

A good chunk of the allegations was actually published earlier in the Corporate Secrets blog which has time and again irritated a whole bunch of people, across different scandals, even to the point of having listed firms make bourse filings to clear the air.

Access is blocked over here and can only be done through VPN.

And, I’ll end on a relatively light note (laughs): Kenanga Investment Bank’s investment in Halogen Capital.

Naturally, since the MACC’s affairs are taking up headlines, the next few days there’ll be some concentration on the topic.

The newsletter — for better or worse — does run with the news cycle. Such is life. But where possible, I’ll decompress with other stuff as well.

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It’ll also grant you access to Brainjam with bangers such as this 👇🏽

Brainjam #7: Khazanah got off fashionably easy

Brainjam #7: Khazanah got off fashionably easy

Emmanuel Samarathisa
·
August 23, 2025
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