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Terengganu Investment Authority to be federal body
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.
A great trade-off
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.
Malaysia, Saudi Arabia set up US$2.5bil joint venture Co
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, Saudi Arabia form US$2.5b joint venture
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.
Malaysia to issue US$1b bonds to fund JV with Saudi
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.
China firm plans to invest US$8bil in Sarawak
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).
1MDB in the process of sealing big deals
IT'S been months since the inception of 1Malaysia Development Fund Bhd (1MDB) but truth is, the scrutiny (and scepticism to some extent) has been hard to completely shake off.
Be bold in wooing investments, Malaysians told
KUALA LUMPUR: Malaysia needs to be bolder and take a more innovative approach to bring in more foreign investments into the country or risk being left behind in the rapidly changing global scenario, said Datuk Seri Najib Tun Razak.
PetroSaudi raises stake in UBG to 89.8%
KUALA LUMPUR: PetroSaudi International Ltd's effective stake in UBG Bhd will rise to 89.8% after three shareholders agreed to sell their stakes, UBG said in a statement to Bursa Malaysia yesterday.
Continued interest in Sarawak-linked stocks
PETALING JAYA: Sarawak-linked stocks continued to be widely peppered among gainers on the market yesterday after a deal was formalised between Malaysia and China to create projects with economic value of over US$11bil (RM36.7bil) in the state.
