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MCMC one of the richest government regulatory bodies

According to the 2008 annual report of the MCMC on the USP fund, the fund size totalled RM4.7bil as at the end of last year. The figure is believed to have topped RM5bil to date. This would make the MCMC one of the richest government regulatory bodies. (The USP fund is deposited with local banks CIMB, RHB, EON Bank and Maybank, the annual report revealed.)

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Kugan is the founder of MalaysianWireless. He has been observing the mobile industry since 2003. Connect with him on Twitter: @scamboy