Malaysian business news website Focus Malaysia said on Friday that the country&#...
KUALA LUMPUR - Malaysian business news website Focus Malaysia said on Friday that the country’s sovereign wealth fund has asked it to stop reporting confidential information about the sale of Malaysia Airlines and has threatened it with legal action.
Focus Malaysia last month published a series of reports about the sale of Malaysia Airlines, owned by the sovereign fund. The Focus Malaysia reports, citing internal Khazanah documents, identified bidders for the struggling airline and detailed its finances. It also said Khazanah had been pushing for AirAsia to merge with Malaysia Airlines.
Press freedom and independence “must be upheld together with some sense of responsibility and restraint by the press when it comes to a corporate entity conducting an on-going corporate exercise that is genuinely commercial in nature,” Khazanah said.
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