Prime Minister Anwar Ibrahim urged restraint in the dispute between Petronas and Petroleum Sarawak Bhd (Petros) to protect mutual interests. He announced upcoming talks with Sarawak Premier Abang Johari Tun Openg, upon his return from London, to resolve the issue. The conflict involves Sarawak’s push for control over its oil and gas resources through Petros, challenging Petronas’ rights under the Petroleum Development Act 1974. Despite a 2020 agreement, unresolved issues persist. Anwar emphasized a respectful resolution aligned with Sarawak’s rights under the Malaysia Agreement 1963, highlighting the issue’s political and economic significance.
MARALINER signed six strategic partnerships to strengthen smart mobility, fleet management, EV development and integrated…
SML Group earned SBTi net-zero validation and multiple global awards recognising RFID innovation, sustainability leadership…
Malaysia's Migrant Repatriation Programme 2.0 extended to May 2027; industry groups call for policy clarity…
Bursa Malaysia appoints CFO Azizan Abdul Aziz as Islamic capital market director, reinforcing focus on…
Huawei unveils FusionSolar9.0 in Malaysia, introducing AI‑powered, grid‑stabilising solar technology to boost clean energy transition…
Private markets remain resilient but face mounting pressure from higher rates, weak exits, concentrated AI…
This website uses cookies.