KUALA LUMPUR: An investment of up to RM3 billion will be made by sovereign wealth fund Khazanah Nasional Bhd, Retirement Fund (Incorporated) (KWAP) and Blue Chip Venture Capital (BCVC).
Prime Minister Datuk Seri Anwar Ibrahim said the investment will be made in Southeast Asian (SEA) and Malaysian ecosystems under the ASEAN Investment Initiative.
Speaking at the launch of KL20 Summit 2024 here today, Anwar announced that Khazanah Nasional will launch a “National Fund of Funds” with an initial RM1 billion allocation to invest in innovative high-growth Malaysian companies.
He said this was following the Malaysia MADANI Budget 2024 announcement last year, which outlined the government’s commitment to Malaysian companies, from Bumiputera entrepreneurs to start-ups, small and medium enterprises (SMEs) and rising champions.
Read More Business News
More Malaysian women in finance are pursuing entrepreneurship, strengthening SME growth, innovation, leadership diversity, and…
Partnership integrates Sandoz biosimilars into Alpro Pharmacy’s OncoHelp programme to support patients from government hospitals…
Dayang Enterprise's 1QFY26 net profit soared 140.8% year-on-year to RM22.2 million, driven by improved margins…
Telekom Malaysia's 1QFY26 net profit fell short of expectations, impacted by a 5G-related write-down and…
MM Computer Systems Bhd offers customized IT solutions and outsourcing services, serving diverse clients including…
Malaysian organizations are struggling with AI-driven cyber threats, fragmented systems and alert overload, accelerating demand…
This website uses cookies.
