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Malaysia's first state-established RM11b sovereign wealth fund identifies projects
The country's first state-established sovereign wealth fund, Terengganu Investment Authority (TIA), with an initial fund of RM11bil, has identified several high-impact investment projects in the tourism, energy and agriculture sectors in the state and around the country.
Terengganu has some bold targets amidst much scepticism
IT ought to be one of the country's greatest paradoxes - that oil and gas rich state Terengganu is one of the country's poorest states. And the main culprit is without a doubt the political wrangling over the state's major lifeline - oil royalties - and the cloak of uncertainty over its disbursement and utilisation.
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.
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.
Jho Low back in the limelight
Jynwel Capital involved in corporate deals worth more than RM22bil outside Malaysia in the last three years.
Early business dealings
LOW Teik Jho, or better known as Jho Low (pic), became a noticeable figure in the Malaysian corporate scene when investments from Abu Dhabi in the United Arab Emirates started to make their way to the local shores.
Petronas cuts capex
PETROLIAM Nasional Bhd’s (Petronas) announcement of its third-quarter results comes at a delicate time, considering that it is being watched by all and sundry.
Sumatec to pay RM818mil for full ownership of Kazakh oil concession
KUALA LUMPUR: Sumatec Resources Corp Bhd, which is entitled to only half of the profits from the the Rakushechnoye oil and gas field in Kazakhstan as its designated operator. plans to take full control by buying the concession owner for US$205mil (RM817.95mil).
Sarawak eyes 10% equity in MLNG Plant Train 9
Sarawak is actively discussing with Petroliam Nasional Bhd (Petronas) on acquiring a 10% equity in the Malaysia Liquified Natural Gas (MLNG) Plant Train 9. Chief Minister Tan Sri Adenan Satem said the state was also working with Petronas to increase its equity in MNLG 2 Plant.
