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Malaysia’s Khazanah posts $1.15 billion profit from operations in 2024Malaysia’s sovereign wealth fund Khazanah Nasional said Wednesday that it achieved a profit from operations of MYR 5.1 billion ($1.15 billion) in 2024, driven by disciplined monetization strategies, steady dividend income and fair value gains from global public equities. The firm said in a statement that its balance sheet remains healthy with realizable asset value (RAV) over debt ratio...0 Comments 0 Shares 3K Views 0 Reviews
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Thailand approves Sunwoda to invest $1B in EV battery cell plantsThailand’s Commission on the National Competitiveness Enhancement for Targeted Industries, has approved an investment by a unit of China’s Sunwoda Electronic worth more than $1 billion in the production of electric vehicle (EV) and energy storage system (ESS) batteries at the cell level, in a move that will strengthen the country’s supply chain and support EV manufacturing for...0 Comments 0 Shares 2K Views 0 Reviews
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