| From IPE: This week, Malaysia’s sovereign fund Khazanah Nasional committed to another investment that is ostensibly part of the country’s economic remodelling programme. The fund will invest in a 50/50 joint venture with Singapore sovereign fund Temasek Holdings, to develop a “wellness township” in Iskandar, an ambitious new precinct in Malaysia’s southern-most state.
To chart a new course towards higher per-capita income, sustainable prosperity and growth that benefits a larger proportion of the population, Malaysia has marshaled the resources of five of the country’s institutional investors..............................................Full Article: Source
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