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

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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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