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New Straits Times
08-07-2025
- Business
- New Straits Times
Khazanah eyes AI deals with French, Italian sovereign funds
KUALA LUMPUR: Khazanah Nasional Bhd has held a series of productive meetings with the French and Italian sovereign wealth funds to explore cross-border collaboration, particularly in the field of artificial intelligence (AI). Managing director Datuk Amirul Feisal Wan Zahir said the discussions focused on how Malaysian, French and Italian companies could work together amid shifting global geopolitical dynamics. "We looked at how we can collaborate (with them) when it comes to technology innovation, and even some of the mid-tier companies that they have and that we have, and see how we can collaborate further. "We realised that we were facing the same issues: how do we look at being globally competitive using artificial intelligence and innovation, and how can we find new markets," he told reporters in Brazil at the conclusion of Prime Minister Datuk Seri Anwar Ibrahim's official visits to Italy, France and Brazil. Khazanah was part of the Malaysian delegation on the official visits, which began on July 1 and were aimed at strengthening bilateral relations and boosting trade and economic cooperation. Other major Malaysian participants included Petroliam Nasional Bhd, Tenaga Nasional Bhd, Malayan Banking Bhd, FGV Holdings Bhd and YTL Power International Bhd. Amirul Feisal said Khazanah has partnered with Cassa Depositi e Prestiti, Italy's national promotional institution, for two years, and with Bpifrance, also known as Banque Publique d'Investissement, for three years. The visits to Rome, Paris and Rio de Janeiro were also part of efforts to reinforce diplomatic and commercial ties with key economic partners. Collectively, bilateral trade with Italy, France and Brazil amounted to RM50.91 billion (US$11.14 billion) last year. Khazanah posted its highest-ever annual return in 2024, achieving a net asset value (NAV) time-weighted rate of return (TWRR) of 24.6 per cent, a sharp increase from 5.7 per cent the year before. Its total portfolio, or realisable asset value (RAV), rose to RM151.3 billion, while operating profit reached RM5.1 billion.
The Sun
08-07-2025
- Business
- The Sun
Khazanah explores AI deals with French and Italian sovereign funds
KUALA LUMPUR: Khazanah Nasional Bhd has engaged in high-level discussions with French and Italian sovereign wealth funds to explore potential collaborations, particularly in artificial intelligence (AI). The meetings, held during Prime Minister Datuk Seri Anwar Ibrahim's official visits to Italy, France, and Brazil, aimed to strengthen economic ties and foster innovation. Managing director Datuk Amirul Feisal Wan Zahir highlighted the shared challenges faced by Malaysia, France, and Italy in leveraging AI for global competitiveness. 'We looked at how we can collaborate when it comes to technology innovation, and even some of the mid-tier companies that they have and that we have, and see how we can collaborate further,' he said. Khazanah's partnerships with Italy's Cassa Depositi e Prestiti and France's Bpifrance have already laid the groundwork for deeper cooperation. The sovereign wealth fund's recent financial performance further strengthens its position, with a record net asset value return of 24.6 per cent in 2024. The official visits also included major Malaysian corporations such as Petronas, Tenaga Nasional, Maybank, FGV Holdings, and YTL Power International. Collectively, Malaysia's bilateral trade with Italy, France, and Brazil reached RM50.91 billion last year, underscoring the importance of these economic relationships. - Bernama
The Star
08-07-2025
- Business
- The Star
Khazanah eyes AI deals with French, Italian sovereign funds
Khazanah managing director Datuk Amirul Feisal Wan Zahir KUALA LUMPUR: Khazanah Nasional Bhd has held a series of productive meetings with the French and Italian sovereign wealth funds to explore cross-border collaboration, particularly in the field of artificial intelligence (AI). Managing director Datuk Amirul Feisal Wan Zahir said the discussions focused on how Malaysian, French and Italian companies could work together amid shifting global geopolitical dynamics. "We looked at how we can collaborate (with them) when it comes to technology innovation, and even some of the mid-tier companies that they have and that we have, and see how we can collaborate further. "We realised that we were facing the same issues: how do we look at being globally competitive using artificial intelligence and innovation, and how can we find new markets,' he told reporters in Brazil at the conclusion of Prime Minister Datuk Seri Anwar Ibrahim's official visits to Italy, France and Brazil. Khazanah was part of the Malaysian delegation on the official visits, which began on July 1 and were aimed at strengthening bilateral relations and boosting trade and economic cooperation. Other major Malaysian participants included Petroliam Nasional Bhd, Tenaga Nasional Bhd , Malayan Banking Bhd , FGV Holdings Bhd and YTL Power International Bhd . Amirul Feisal said Khazanah has partnered with Cassa Depositi e Prestiti, Italy's national promotional institution, for two years, and with Bpifrance, also known as Banque Publique d'Investissement, for three years. The visits to Rome, Paris and Rio de Janeiro were also part of efforts to reinforce diplomatic and commercial ties with key economic partners. Collectively, bilateral trade with Italy, France and Brazil amounted to RM50.91 billion (US$11.14 billion) last year. Khazanah posted its highest-ever annual return in 2024, achieving a net asset value (NAV) time-weighted rate of return (TWRR) of 24.6 per cent, a sharp increase from 5.7 per cent the year before. Its total portfolio, or realisable asset value (RAV), rose to RM151.3 billion, while operating profit reached RM5.1 billion. - Bernama
New Straits Times
07-07-2025
- Business
- New Straits Times
Anwar wraps up three-nation visit to boost trade and ties
RIO DE JANEIRO: Prime Minister Datuk Seri Anwar Ibrahim departed for home today after a series of official visits to three countries – Italy, France, and Brazil. The chartered flight from Malaysia Airlines carrying the premier and the Malaysian delegation departed the Galeao Air Force Base (BAGL) at 1pm local time (midnight Monday Malaysian time). This series of visits by the Prime Minister, starting with a three-day official visit to Italy, forms part of Malaysia's ongoing efforts to strengthen bilateral relations and promote economic cooperation at the global level. The visits to these major economic hubs – Rome, Paris, and Rio de Janeiro – were to strengthen Malaysia's diplomatic ties and trade relations with the respective nations. These three markets collectively recorded bilateral trade valued at RM50.91 billion (US$11.14 billion) last year. The Prime Minister was accompanied by a business delegation comprising representatives from major Malaysian corporations and innovative enterprises, including Petronas, Khazanah Nasional Bhd, Tenaga Nasional Bhd (TNB), Maybank, FGV, YTL Power, and Sunway. Anwar's inaugural visit to Italy was undertaken at the invitation of Italian Prime Minister Giorgia Meloni. The visits were to further strengthen bilateral relations between the countries across a wide range of sectors. In Rome, the Prime Minister was accompanied by five Cabinet ministers, namely Foreign Minister Datuk Seri Mohamad Hasan, Transport Minister Anthony Loke, Agriculture and Food Security Minister Datuk Seri Mohamad Sabu, Defence Minister Datuk Seri Mohamed Khaled Nordin, and Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. Deputy Minister of Energy Transition and Water Transformation Akmal Nasrullah Mohd Nasir was also part of the delegation. In Paris, the Prime Minister met with President Emmanuel Macron, with discussions focusing on trade, technology, and education, as well as the humanitarian crisis in Gaza. In addition to a roundtable with France's industrial giants, the Prime Minister also engaged with local Muslim leaders, met Malaysian citizens in France, and delivered a public lecture at Sorbonne University on July 4. After the Paris stopover, Anwar headed to Rio de Janeiro to attend the 17th BRICS Summit upon invitation from President Luiz Inacio Lula da Silva. Malaysia's role as a BRICS Partner Country and Asean Chair for 2025 was to emphasise the importance of multilateralism based on law, governance of artificial intelligence, climate action, and global health, representing the aspirations of over 650 million Asean citizens. Anwar attended the BRICS Summit as a partner country to the bloc comprising Brazil, Russia, India, China, and South Africa. - BERNAMA
BusinessToday
01-07-2025
- Business
- BusinessToday
Anwar Heads To Europe, Brazil For Bilateral Talks, BRICS Summit
Prime Minister (PM) Datuk Seri Anwar Ibrahim will embark on a high-level official visit to Italy, France and Brazil from July 1 to 7, aimed at strengthening Malaysia's diplomatic and economic ties with key international partners and representing Malaysia at the 17th BRICS Summit. According to the Prime Minister's Office, the visits to Rome, Paris and Rio de Janeiro reflect Malaysia's strategic intent to deepen cooperation in areas such as trade, technology, culture and education. Collectively, these three nations recorded RM50.91 billion (US$11.14 billion) in bilateral trade with Malaysia in 2024. In Italy, Anwar is scheduled to meet Prime Minister Giorgia Meloni to discuss economic partnerships and explore joint cultural initiatives. A Business Roundtable and engagements with the local Muslim community and Malaysian diaspora are also on the agenda. In France, he will hold talks with President Emmanuel Macron focused on trade, digital innovation and higher education. Anwar will also deliver a public lecture at Sorbonne University and participate in industry roundtables with major French corporations. From July 5 to 7, Anwar will be in Rio de Janeiro to attend the BRICS Summit, at the invitation of Brazilian President Luiz Inácio Lula da Silva. Representing Malaysia as a BRICS Partner Country and ASEAN Chair for 2025, Anwar will highlight Malaysia's position on multilateralism, artificial intelligence governance, climate action and global health. The PM is accompanied by a business delegation comprising leading Malaysian firms, including Petronas, Khazanah Nasional, Maybank and Sunway Group, seeking to expand investment footprints and forge global partnerships. 'This synergy between government-to-government and business-to-business cooperation ensures that Malaysia remains strategically positioned in global markets,' PM's senior press secretary Tunku Nashrul Abaidah said. The Investment, Trade and Industry Ministry, along with Malaysian Investment Development Authority and Malaysia External Trade Development Corporation, is coordinating business engagements to facilitate potential joint ventures and investment opportunities. Anwar is expected to return to Malaysia on July 9 and will immediately participate in the ASEAN Foreign Ministers' Meeting in Kuala Lumpur. The trip underscores Malaysia's MADANI vision of inclusive, globally engaged governance focused on sustainable economic progress and international cooperation. Related
