Khazanah Nasional

Malaysia

Anwar orders Khazanah audit on loss-making venture

Anwar’s directive comes days after the Finance Ministry said the two entities invested a total of 47 million ringgit in online fashion retailer FashionValet in 2018.

Malaysia

Khazanah seeks to lure fund managers into Malaysia in VC push

The wealth fund is setting up an initiative to attract established international fund managers to expand into Malaysia and facilitate the redomiciling of global companies.
Revival of Johor-Singapore SEZ: New era of growth? - THE EDGE SINGAPORE

Singapore-Malaysia ties

Revival of Johor-Singapore SEZ: New era of growth?

A new attempt to revive the Johor-Singapore SEZ is underway. Will it finally succeed, and eventually hollow out Singapore?
Venture-capital firm Antler puts money on second wave of AI start-ups - THE EDGE SINGAPORE

Startups, Entrepreneurs, Digital economy

Venture-capital firm Antler puts money on second wave of AI start-ups

Antler’s Salovaara says the lack of AI talent and capital makes it hard for a company like OpenAI to be born out of Singapore.
SIA Engineering signs MOU with Khazanah-backed Impeccable Vintage Properties for hangar facilities in Subang - THE EDGE SINGAPORE

Aviation & Engineering

SIA Engineering signs MOU with Khazanah-backed Impeccable Vintage Properties for hangar facilities in Subang

The hangers will be located at Complex A at the Sultan Abdul Aziz Shah Airport in Selangor.
IHH to stretch balance sheet, on the lookout for acquisitions - THE EDGE SINGAPORE

Healthcare

IHH to stretch balance sheet, on the lookout for acquisitions

From a risk perspective, IHH prefers existing assets over greenfield projects
Rightsizing to achieve economies of scale - THE EDGE SINGAPORE

Company in the news

Rightsizing to achieve economies of scale

IHH Healthcare CEO Kelvin Loh believes operating a big hospital group is in the interest of both patients and shareholders

Global Economy

Briefs

Quoteworthy: "China cannot save the world but can save itself." –— David Gaud, Pictet Wealth Management’s Asia chief investment officer, on why he remains bullish on the world’s second largest economy.

Malaysia

Khazanah pursuing long-term targets on refreshed mandate

Those who have been paying attention would remember that Khazanah’s headline RM6.271 billion pretax losses for 2018 had followed a strategic review of its investments, which resulted in a RM7.3 billion impairment provision that year.
Temasek-Khazanah JV to sell Andaz Singapore for $475 mil

Property

Temasek-Khazanah JV to sell Andaz Singapore for $475 mil

KUALA LUMPUR (Oct 9): M+S, a 60:40 joint venture between Khazanah Nasional and Temasek Holdings, is selling its wholly-owned subsidiary, Ophir-Rochor Hotel (ORH), to property developer Hoi Hup Realty for $475 million (RM1.44 billion) or $1.39 million per
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