A Ananthalakshmi
Stories by A Ananthalakshmi
Malaysia’s Petronas sets up $350m venture capital fund
The newly launched Petronas Corporate Venture Capital will look to invest in startups in advanced materials, specialty chemicals as well as those invo
Malaysia’s Petronas says no plans to buy Bina oil refinery stake
Bina oil refinery is operated by a 50-50 JV between Oman Oil Co and state-run Bharat Petroleum Corp.
Malaysia’s Petronas posts 9% jump in Q1 2019 profit
The company warned of a challenging year ahead given volatility in oil prices.
US private fund Castlelake to buy AirAsia plane portfolio for $768m
For AirAsia, the deal marks another move to monetise its assets as Asia's biggest budget airline seeks to transform itself into an asset-light, digit
Malaysia files criminal charges against Goldman Sachs in 1MDB probe
Goldman Sachs has been under scrutiny for its role in helping raise funds through bond offerings for 1MDB.
PM Mahathir says Goldman bankers ‘cheated’ Malaysia over 1MDB
The U.S. investment bank has been under scrutiny for its role in helping raise funds through bond offerings for 1MDB, which is the subject of corrupti
Malaysia’s Petronas buys 25% stake in Shell-led LNG Canada project
Shell will continue to be the biggest owner in LNG Canada, holding a 40 percent stake. Other partners include PetroChina, Mitsubishi's Diamond LNG and
Malaysian poultry business Leong Hup eyes $600m listing by year-end
The company is majority owned by the founding Lau family. Private equity firm Affinity Equity Partners has owned a 23% stake in the business since 201
Former Malaysia govt used money raised from Khazanah to pay 1MDB dues
Khazanah paid the government 1.2 billion ringgit ($301.05 million) in mid-2017 in exchange for redeemable shares owned by the finance ministry. These
Malaysia’s DRB-Hicom sells non-industrial land assets for $486m
Last year, DRB-Hicom sold a 49.9% equity stake in struggling carmaker Proton to China’s Geely, though it still holds the remaining 50.1%.
