TDM Berhad success due to PAS savvy
PensionerPublished: Jan 18, 2005 1:48 PM | Updated: Jan 29, 2008 6:21 PM
TDM Berhad is a public-listed company majority owned by the Terengganu State Economic Development Corporation.
It has announced plans to expand its hospitality business to Mecca because the single property that they have leased is turning in very good returns, in view of the popularity of 'umrah' packages and the present haj season.
The company said hat it was part of it's strategy to expand its hospitality business and this initiative took off in late 2003.
What the company did not say is that the idea of investing in the industry in Mecca was conceived and implemented when Terengganu was previously under the administration of PAS and that the project actually started way before 2003.
Any small-time analyst will tell you that TDM was mismanaged by the previous BN state governments and that when PAS took over in1999, they revamped the company by selling losing assets like fast-food chain A&W etc.
In this instance, it can be seen that PAS management has been more creative and savvy in running a public-listed company. Although its chairman wears the 'jubah' to attend board meetings, TDM under PAS showed us that they can teach those in the corporate world a thing or two.
It has announced plans to expand its hospitality business to Mecca because the single property that they have leased is turning in very good returns, in view of the popularity of 'umrah' packages and the present haj season.
The company said hat it was part of it's strategy to expand its hospitality business and this initiative took off in late 2003.
What the company did not say is that the idea of investing in the industry in Mecca was conceived and implemented when Terengganu was previously under the administration of PAS and that the project actually started way before 2003.
Any small-time analyst will tell you that TDM was mismanaged by the previous BN state governments and that when PAS took over in1999, they revamped the company by selling losing assets like fast-food chain A&W etc.
In this instance, it can be seen that PAS management has been more creative and savvy in running a public-listed company. Although its chairman wears the 'jubah' to attend board meetings, TDM under PAS showed us that they can teach those in the corporate world a thing or two.
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