KUALA LUMPUR, Aug 8 — Six leading government-linked investment companies (GLICs) collectively pledge to invest RM120 billion in domestic direct investments (DDI) over the next...
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The pledge was made under the first phase of MOF’s “Gear-up” programme, which aims to synergise efforts across government-linked entities to catalyse growth in key economic sectors. “By getting the GLICs to heighten their focus on domestic investments, this deployed capital can benefit Malaysians equitably and birth new economic ecosystems,” he said in a statement.
Additionally, MOF said that these investments are primarily directed towards high-growth, high-value industries such as the energy transition sector, advanced manufacturing, especially in the semiconductor space, investments across all life cycles of firms from start-ups, venture capital to mid-tier companies and finally to support listing of such companies.
As for the other GLICs, it said that PNB aims at modernising Malaysian industries and corporates towards higher value-added and sustainable activities, with a specific focus on investments in new industrial parks, supporting automation and smart farming in palm oil, and green and energy transition assets.
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