When the Rocket clings to the table
And a little bonus on DAP's financials.
It’s double trouble today. Actually just double, no trouble… I think?
This one’s on the DAP’ annual general meeting yesterday.
There’s a bonus too: the DAP’s finances. I got hold of the 2025 accounts. A rare thing, and I’m not sure I can pull it off again.
The next newsletter will be on our good ol’ VC/PE/tech scene.
I’m sectioning these off so The Malaysianist reads with a bit more structure (gasp!).
Earlier I pushed out Longform and the next one will be Hype Autopsy for the VC/PE/tech stuff.
Like parents raising kids, who says entrepreneurs get breaks? There’s no such thing.
You’re reading The Malaysianist, a newsletter on money and power. Fuel up with a monthly, annual or founding member plan.
P.S. The founding member tier doesn’t have a ceiling; you can go as high as you want — it’s the ultimate supporter badge that comes with an annual report.
It’ll also grant you access to Brainjam with bangers such as this 👇🏽
And, yes, you can upgrade subscription tiers at any time.
Mulling a group purchase for family, friends and colleagues? I’ve got you. Group subscriptions come with discounts, too.
The DAP yesterday met for its annual congress.
The hottest item on the agenda was whether to stay in the federal government until the end of the parliamentary term, or walk out and turn into a so-called pressure group.
Party secretary-general Anthony Loke tabled the motion on behalf of the party’s central executive committee.
They ran it as a secret ballot, not the usual show of hands, as the leadership wanted an accurate read.
The result was 1,857 delegates voted to stay and 242 voted to leave with seven ballots spoiled.
Of the votes cast, roughly 88.5% want the DAP to remain in government. Loke dubbed this a “convincing majority”.
But here’s what stood out for me: