The Return of Malaysia’s Government Investment Funds

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The Return of Malaysia’s Government Investment Funds - The Diplomat

Quick Summary:

Whatever momentum there once was for getting the state out of the economy has seemingly stalled.

Despite the reform efforts kicked off in 2004, the Malaysian state has continued to hold substantial ownership in many strategic sectors, including energy, pharmaceuticals, real estate, transportation, agriculture and manufacturing.

Other funds include the government employee pension fund (KWAP) and Khazanah Nasional, which is the majority owner of strategic national assets like electric utility Tenaga Nasional Berhad.