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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.
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.
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.
Jynwel Capital involved in corporate deals worth more than RM22bil outside Malaysia in the last three years.
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 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.