Malaysian state premier envisions sovereign fund for energy company
SHOTARO TANI
TOKYO -- The premier of the Malaysian state of Sarawak envisions a Singapore-like sovereign fund role for Petros, an oil and gas company owned by the region's government, as it looks to leverage its newfound autonomy to grow its economy.
Abang Johari on Thursday said Singapore is the "best model" when thinking about the future of Petroleum Sarawak, better known as Petros, as state funds Temasek and GIC "really help" the city-state's economic growth.
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