Business, markets and economy news from Malaysia.
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A confidential information leak threatens to derail negotiations between Petronas and Petros, Malaysia's state-owned oil companies, according to testimony presented to the court this week.
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A former Petronas manager stands accused of leaking confidential documents to Petros, threatening to undermine sensitive negotiations between Malaysia's two state petroleum entities and raising questions about corporate governance.
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A Sessions Court heard that Petronas' Cyber Security Department has confirmed a former manager deliberately leaked confidential information to Petros, the national sovereign wealth fund, marking a significant corporate espionage case.
Prime Minister Anwar Ibrahim says Turkmenistan's decision to award Petronas a stake in a major gas field reflects global confidence in Malaysia's political stability, national unity, and economic capabilities.