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KUALA LUMPUR: The Terengganu Investment Authority (TIA) is being expanded to a federal entity called 1Malaysia Development Bhd (1MDB) with the aim of investing billions of ringgit in energy, real estate and hospitality sectors in the country, according to a statement from the Prime Minister's office.
WHEN the Terengganu Investment Authority (TIA) was set up with its much-touted air-tight governance structure, no one doubted that the biggest test to its paper-perfect concept would be in its execution. What we weren't prepared for was how soon that test would come. Rhetoric, meet reality.
KUALA LUMPUR: Malaysia and Saudi Arabia has set up a US$2.5bil joint venture company to spearhead the flow of foreign direct investments from the Middle East as well as make strategic investments in high-impact projects here.
Malaysia and Saudi Arabia have entered a new era of economic cooperation with the setting up of a US$2.5bil joint-venture company that will spearhead the flow of foreign direct investments from the Middle-East as well as make strategic investments in high-impact projects in Malaysia.
KUALA LUMPUR: The Government#8217;s wholly owned 1Malaysia Development Bhd (1MDB) has teamed up with Saudi Arabia#8217;s PetroSaudi International Ltd (PSI) to establish a US$2.5bil (RM8.7bil) joint venture company (JVC) designed to boost investments from the Middle East into the country as well as to invest in high-impact projects here.
PETALING JAYA: Power utility giant State Grid Corp of China (SGCC) plans to invest some US$6bil-US$8bil to set up one of the world's largest aluminium smelter plants (estimated to involve US$3bil) and three hydro-electric dams in Sarawak through a joint cooperation with 1Malaysia Development Bhd (1MDB).