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PUTRAJAYA: Hard disk drive manufacturer and data storage company Western Digital will invest an additional RM2.3bil to increase its manufacturing capacity in Malaysia.
PETALING JAYA: Khazanah Nasional Bhd and Petroliam Nasional Bhd (Petronas) will come under the purview of the Prime Minister’s Office (PMO) under the new government structure, and not under the newly formed Economic Affairs Ministry (MEA). Sources said Permodalan Nasional Bhd (PNB) will also come under the PMO, while there is deliberation to dissolve the Minister of Finance Inc (MoF Inc).
PARIS: A Paris appeals court has ordered France and French defense company Thales SA to pay back €630 million (about US$913 million) to Taiwan in a long-standing dispute over bribes in a 1991 frigate sale, the French prime minister's office said Thursday.
ANKARA, Turkey (AP): Turkey's president has rejected the Islamic-rooted government's candidate for Central Bank governor, the prime minister's office said Saturday.
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.
SINGAPORE: The outlook for the marine and offshore sector continues to be positive, buoyed by continued growth in Asia, says Singapore's Minister in the Prime Minister's Office and Second Minister for Trade and Industry, S.Iswaran.