When Prime Minister Datuk Seri Anwar Ibrahim revisited the corporate fallout of the late 1990s Asian financial crisis in Parliament, he framed the exits of prominent business figures as the work of a "corporate mafia" run by political rivals.
Emmanuel Samarathisa, founder of The Malaysianist, joins The Morning Run to unpack the Prime Minister’s trip down memory lane.
He breaks down the resilient nature of family-controlled capital, how corporate patronage has modernised from direct asset transfers into institutional influence, and why Masayoshi Son’s US$50 billion AI pledge demands healthy skepticism given SoftBank's history of walking away from grand announcements.
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