Malaysia – Ex-prime minister Datuk Seri Najib Razak suggested this night that state oil firm Petronas might buy troubled oil-and-gas operator Sapura Energy Bhd to save the company without costing taxpayers any money. Najib claimed that Sapura’s failure would be devastating to Malaysia’s economy in a live discussion with political adversary Datuk Seri Anwar Ibrahim, and the company’s market capitalization …

Operator of petrol stations Petronas Dagangan Bhd fell into the red in the first quarter of 2020, reporting a net loss of RM29.42 million compared to a net profit of RM291.20 million a year before. “The group faced difficult market conditions towards the end of the first quarter stemming from the global effects of the Covid-19 pandemic as well as …