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LimKitSiang: Dissecting the ETP Annual Report (Part 1) — Grade A+ for obfuscation!

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— Ong Kian Ming and Teh Chi-Chang The Malaysian Insider May 31, 2012 MAY 31 — Top marks for befuddling even highly-qualified Malaysians. PEMANDU released its annual report last month to an expected chorus of praise. An economist at a leading financial institution gushed that the ETP deserves an “A” for transformation. Our analysis however, [...]

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