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Taikor of The Month


Tan Sri Syed Mokhtar Al Bukhary 

DRB HICOM 

Our taikor of this month makes a return and is again in the controlling seat of Malaysia's automobile industry. He alone (or is he?) will determine where Proton goes, North or South?


Click here for his profile.

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OFF THE BLOGS

We have been trying to focus more on the movers and shakers of Malaysia Incorporated, but the many request for us to also focus on socio-political have now taken the better of our judgment.
So here you go, our latest page added OFF THE BLOGS

Proton unit wins right to use “Lotus” name in F1

posted May 30, 2011 5:43 PM by dave CT Print   [ updated May 30, 2011 5:48 PM by CT Print ]

KUALA LUMPUR: PROTON HOLDINGS BHD unit Group Lotus plc has won the right to use the name “Lotus” within Formula 1, and entitled to race in its historic black and gold livery.

In a filing to Bursa Malaysia Securities on Monday, May 30, Proton said the Chancery Division of the English High Court had on last Friday, May 27 given its ruling in the dispute between Group Lotus and 1 Malaysia Racing Team Sdn Bhd, Datuk Seri Tony Fernandes and others in respect of the right to use the name "Lotus" in Formula 1.

Proton said that in December 2009, Group Lotus had issued a Licence to 1MRT to use the "Lotus Racing" name in Formula 1 Racing.

Following breaches by 1MRT, Group Lotus issued notice to terminate the said Licence in August 2010.

The termination of the said Licence under the Licence Agreement prevents 1MRT from using the "Lotus" name including for the 2011 Formula 1 season.