What Malaysia Corporate Inc needs is more value-added restructuring and not financial engineering. The latest MRCB restructuring is the case in point. It's merely a paper shuffling exercise with no operational restructuring which is crucial to the country.

The reason can be traced to Azman Yahya who has been instrumental in placing both the new professional managers at MRCB. In the government debt restructuring agency, he raved on the recovery and accounts that have been restructured. The real question to pose is, how much cash has been received to date.

We need real business entrepreneurs who can add value to businesses. With a weak foundation, all these restructuring exercises will eventually fall like a deck of cards. As the saying goes, the higher you are, the harder you will fall.