From Theedgedaily.com: Terengganu’s own wealth fund, a RM10 billion fund to be managed by the Terengganu Investment Authority (TIA), will acquire some of the assets owned by the state.
It is learnt that the Terengganu state government would, in turn, use part of the proceeds from the disposal of assets (to TIA) to repay loans due to the federal government. The fund project was approved by the cabinet last week. …. Full Article: Source