PNB chairman

Malaysia’s $62b state fund PNB wants to hold less cash

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The fund could reduce holdings in cash and money markets by at least 5 percentage points.

Malaysia’s Petronas eyeing stake in Indian Oil Corp’s LNG import terminal

Other contenders for a stake include India’s Petronet LNG.


Malaysia’s TRX City, Lendlease to raise $796m for realty project: Report

TRX, earlier known as 1MDB Real Estate is now owned by Malaysia’s Ministry of Finance


Malaysia: Axiata’s digital VC arm invests in cloud-based POS Slurp!

Slurp plans to use the funds to accelerate product sales and marketing efforts.


Malaysia’s Samchem acquires local unit, disposes Vietnamese subsidiary

Samchem Holdings holds 63.25 per cent of the Vietnam unit post the divestment.


Malaysia’s 1MDB says $350m paid to Abu Dhabi for debt deal

An IPIC spokesman confirmed the payment had been received.


U.S. conducting criminal probe focused on Malaysia 1MDB’s stolen funds

The U.S. Justice Department is conducting a criminal probe into 1Malaysia Development Berhad (1MDB) and has asked for a stay on its civil lawsuits in connection with $1.7 billion in assets allegedly bought with money stolen from the scandal-hit state fund. A total of $4.5 billion was misappropriated from 1MDB… Read more »


Abu Dhabi gives Malaysia’s 1MDB until Aug 31 to make $603m payment

Abu Dhabi has given 1Malaysia Development Berhad (1MDB) until August 31 to make a $603 million debt settlement payment that was due on Tuesday, an Abu Dhabi based source with knowledge of the matter said. Under an agreement struck in April with the Abu Dhabi state fund International Petroleum Investment… Read more »


Singapore’s EDBI joins $133m round in iflix led by Hearst Communications

The investment brought the total funding raised by iflix this year to more than $220 million.


Malaysia: Axiata unit completes buyout of Pakistan tower firm

The buyout was transacted at a purchase consideration of $88.9 million (RM381 million).