8-8-2024 (KUALA LUMPUR) Six state-linked companies have announced a collective commitment to invest 120 billion ringgit in domestic direct investments over the next five years. This ambitious initiative, revealed by the finance ministry on Thursday, aims to propel the nation’s growth in strategic high-value sectors.
The consortium of investors includes some of Malaysia’s most prominent financial institutions, with sovereign wealth fund Khazanah Nasional and the Employees Provident Fund (EPF), the country’s largest pension fund, taking leading roles. These powerhouse entities, along with four other state-linked companies, are set to channel their substantial resources into what the government has termed “high-growth high-value” (HGHV) industries.
