Putrajaya's GEAR-uP For GLICs To Put Money Into DDIs
P. Gunasegaram, Independent Writer
12-Aug-24 08:30
![Putrajaya's GEAR-uP For GLICs To Put Money Into DDIs](https://bfmcms.s3.ap-southeast-1.amazonaws.com/websiteimages/morning-brief/2024-08-12_putrajaya-gearup-glic-tabunghaji-pnb-epf-kwap-khazanah-aff-ddi/og_528494e4-d8cd-4f9b-b6df-0f4df934242d.png)
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The 6 main government-linked investment companies - Khazanah, EPF, KWAP, PNB, Tabung Haji and the Armed Forces Fund Board - have collectively pledged RM120 billion in direct domestic investments, with a focus on the semiconductor sector. Independent writer, P. Gunasegaram, shares his thoughts on a strategy like this, its implications and more crucially, will this truly benefit the rakyat?
Image Credit: shutterstock.com
Produced by: Natalie Tan
Presented by: Wong Shou Ning, Keith Kam
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Categories: technology, investments, economy
Tags: direct domestic investment, government-linked investment companies, GEAR-uP, semiconductor industry,