Concerns over fate of Petronas as Malaysian government moves to shore up political support

Petronas president Wan Zulkiflee Wan Ariffin was reassigned as chairman of the beleaguered Malaysia Airlines. PHOTO: REUTERS
New: Gift this subscriber-only story to your friends and family

KUALA LUMPUR - A top-level change over the weekend at Petroliam Nasional Bhd (Petronas) has sparked concerns that Prime Minister Muhyiddin Yassin's government is set to overhaul laws that would rid the national corporation of its role as the sole custodian of Malaysia's hydrocarbon resources.

Mr Wan Zulkiflee Wan Ariffin, president and chief operating officer of Malaysia's only Fortune 500 listing entity, was reassigned as chairman of the country's beleaguered national carrier Malaysia Airlines, Mr Muhyiddin's office announced on Saturday (June 6).

Already a subscriber? 

Dive deeper at $0.99/month

Want more exclusives, sharp insights into what's happening at home and abroad? Subscribe to stay informed.

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • 2-week e-paper archive so you never miss out on any topic that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.