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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Malaysian Govt agrees to SWF

Posted on 15 December 2008

From Straitstimes.com: The deputy prime minister Datuk Seri Najib Tun Razak said on Saturday the government has agreed in principle to the proposal by the Terengganu government to set up the Terengganu Investment Authority (TIA), sovereign wealth fund, with an initial fund of RM10 billion (S$4.17 billion).

He said the cabinet gave the nod for the proposal at its meeting on Friday, reflecting a strong relation between the federal and state government. ‘In principle, the proposal has been approved by the cabinet,’ he said….. Full Article: Source


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