Malaysia’s Anwar says Shell to boost its investments in country by RM9 billion
[KUALA LUMPUR] Malaysian Prime Minister Anwar Ibrahim said on Tuesday (Jun 17) that Shell has committed to increasing its investments in Malaysia by RM9 billion (S$2.7 billion) over the next two to three years.
The boost in Shell’s investments will create high-skilled job opportunities for Malaysians, Anwar said in a Facebook post following a meeting with Shell CEO Wael Sawan. He did not provide further details.
“This decision stands as a resounding vote of confidence from a world-class investor in our sound economic policies, clarity in our leadership, and promise in our future,” Anwar said.
Shell did not immediately respond to a request for comment. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
EU and Asean at 50: time for bold action
