Charged up, then let go

And Anwar’s tariff balancing act.

Two stories today: layoffs at Yinson’s EV arm and Prime Minister Anwar Ibrahim picks his hill to die on in the US tariff talks.

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Back in March, Khazanah Nasional said it would invest an undisclosed sum in Yinson GreenTech, the sovereign wealth fund’s second bet in the EV space after legacy stake Tenaga Nasional.

The investment falls under Dana Impak, a mandate pitched as delivering socioeconomic impact.