Putrajaya's GEAR-uP For GLICs To Put Money Into DDIs

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?

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