Investment strategy: Staff manning reception counter at Khazanah headquarters in Kuala Lumpur. Khazanah is expected to invest in industries banks are hesitant to bankroll, but serve an important role in the development of the Malaysian economy.
The sovereign wealth fund that is poised to see a new set of directors on board is expected to revert to its old role of being the strategic investment arm of the government rather than a sovereign wealth fund.
SINCE May 9, the board members of Khazanah Nasional Bhd knew things were going to be different after the outcome of the 14th general election. The writing was on the wall from the statements of Prime Minister Tun Dr Mahathir Mohamad and the subtle messages coming from Putrajaya.
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