KUALA LUMPUR, Aug 3 — The Ministry of Finance is confident that the Retirement Fund which launched the TERAS 5 initiative today can sustainably grow the size of its fund to a total gross fund of RM200 billion by 2025.
“KWAP has thrived as a company group that has expanded its investment portfolio three-fold from funds worth RM41.9 billion in 2007 to around RM159 billion today,” he said at the launch of the KWAP transformation plan here today. Tengku Zafrul said that as key players and investors, government-linked companies and government-linked investment companies are an important pillar of Malaysia’s economic base and contribute approximately RM445 billion or 25 per cent of the Bursa Malaysia market and provide employment opportunities to more than 500,000 in Keluarga Malaysia.
“Currently, there are 17 companies under KWAP including 14 special purpose vehicles and two subsidiaries,” he said at the TERAS 5 launch ceremony today.
1st thing 1st - get the billions back from 1MDB
Do any of you believe or take Minister's opinion seriously? Just asking merely out of curiosity.
Should be easy with hyperinflation. 😉😁