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Putrajaya's GEAR-uP For GLICs To Put Money Into DDIs

P. Gunasegaram, Independent Writer

12-Aug-24 08:30

Putrajaya's GEAR-uP For GLICs To Put Money Into DDIs

The 6 main government-linked investment companies - Khazanah, EPF, KWAP, PNB, Tabung Haji and the Armed Forces Fund Board - have collectively pledged RM120 billion in direct domestic investments, with a focus on the semiconductor sector. Independent writer, P. Gunasegaram, shares his thoughts on a strategy like this, its implications and more crucially, will this truly benefit the rakyat?

Image Credit: shutterstock.com

Produced by: Natalie Tan

Presented by: Wong Shou Ning, Keith Kam


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Categories:  technology,  investments,  economy

Tags:  direct domestic investment,  government-linked investment companies,  GEAR-uP,  semiconductor industry, 


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