Malaysia's Khazanah reports 77% drop in operating profit

Malaysia’s sovereign wealth fund Khazanah Nasional reported a 77% drop in operating profit in 2021 due to Covid-related financial assistance to the tourism sector and poor investment gains. In its annual review released on Wednesday (March 2), the fund reported a fall in operating profits to RM670 million ($160 million) in 2021 from RM2.9 billion in 2020 - already a 61% slump from the year before. Khazanah attributed the 2021 drop to financial aid that it had extended to airline…