Malaysia's sovereign wealth fund, Khazanah Nasional Sdn Bhd, will launch a RM1 billion fund to invest in innovative and high-growth Malaysian companies, Prime Minister Datuk Seri Anwar Ibrahim announced today.
There has been a spate of viral videos showing vehicles from neighbouring countries such as Thailand and Singapore being filled with Malaysia's heavily subsidised RON95 petrol, indicating a blatant disregard for local laws.
The Malaysian Anti-Corruption Commission is probing IJM Corporation over alleged money laundering and possible share price manipulation involving RM2.5bil, a probe that could jeopardise Sunway Group’s proposed RM11.5bil takeover of the construction giant