Posted inAT Finance, Bangladesh, China, India, Malaysia, Middle East, Pakistan, South Asia, World

Cloudy view for energy giant Petronas

Oil and gas wealth drove Malaysia’s go-go modernization during the 1980s and 1990s, with state oil firm Petronas emerging as one of Asia’s most profitable companies. That success was reflected its shiny iconic twin towers, once the world’s tallest, in downtown Kuala Lumpur. But after more than two years of stubbornly low global oil prices, […]