The Business Times

Sabah

Asean Business

Malaysia’s Sabah state to develop oil, gas facilities with Gibson Shipbrokers

LONDON-BASED Gibson Shipbrokers and Malaysian state-owned Sabah Oil & Gas Development Corporation (SOGDC) have signed an agreement to develop oil and gas facilities in the South-east Asian nation’s Sa...

Prime Minister Anwar Ibrahim said the government was confident it was “closer than ever to completely nullifying” the award after the decision.
International

Dutch court rules sultan's heirs cannot seize Malaysian assets

A Dutch court of appeal dismissed on Tuesday (Jun 27) a bid by eight descendants of a former sultanate to enforce a US$15-billion arbitration award against the Malaysian government, which hailed the d...

The dispute is linked to the Sulu heirs’ years-long claims to the state of Sabah. The then-sultanate had leased Sabah to a British company in 1878 and the Borneo state was later absorbed into Malaysia.
International

Malaysia wins court fight over Sulu heirs’ US$15 billion award

Malaysia won a legal battle in France that will likely cancel an award of about US$15 billion over territorial claims related to the present day Borneo state of Sabah.

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