MAS is looking like a turn around

From the Sun Daily:

It said more than 4,000 contracts have been identified under a comprehensive review of MAS' contracts and that the process to replace contracts that meet the market-based requirements of newco began end-February 2015, days after the MAS Act came into effect, while discussions are underway on selected contracts that have been identified for renegotiation.

I am looking at the MAS situation with the service act and am thinking two things.

MAS or now known as MAB is looking like a turn around.  Likely it has unparalleled flexibility it never had before to do what necessary to become a stand alone entity.  Looks like Khazanah boss is quite strong and a stand up investor for Malaysia.  It also seems no hanky panky will be going on with this turn around which is extremely commendable.

The second item deals with is one company bigger than the nation?  The MAS act makes MAS shareholders the beneficiary in not having to become a bankrupt entity.  It gives bankruptcy powers without having to declare bankruptcy.

I think this is a double edged sword.  Share holders will undoubtedly be happy.  Bond holders as well because they don't have to take a hair cut in their bond holdings.  But, it sets somewhat a dangerous precedent with unknown consequences.  It raises the question what other entities will the government make a special law for.  I think a lot of government suppliers are going to start panicking.  As for now though, this precedent is very beneficial for government entities.