BlackRock investments in Malaysia reach RM27.5bil, withdrawal will have negative implications

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The story "BlackRock investments in Malaysia reach RM27.5bil, withdrawal will have negative implications" was covered 2 days ago by The Star, a news publisher based in Malaysia.

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The Star 2d ago

BlackRock investments in Malaysia reach RM27.5bil, withdrawal will have negative implications - The Star

Quick Summary:

KUALA LUMPUR: The withdrawal of BlackRock's investment from Malaysia, if it happens, will have implications and negative impacts on efforts to realise the country's investment agenda, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.

Among BlackRock's investments in the government-issued bond market include Malaysia Sukuk Global Bhd; Export-Import Bank of Malaysia Bhd; Malaysia Wakala Sukuk Bhd; Petroliam Nasional Bhd; and Malaysia Sovereign Sukuk Bhd.

Boeing, through its subsidiary, Aerospace Composites Malaysia, has invested RM300 million and employs 900 workers, while ROHM Electronics (Malaysia) in Kelantan has invested RM3 billion and employs more than 2,000 workers.