Premier: Sarawak mulls consolidated entity for asset, investment management like Singapore’s Temasek Holdings

Get your umbrellas ready: Four to six heavy rain episodes expected in Kelantan, Terengganu, Pahang, Johor, Sabah, Sarawak from Nov to March, says MetMalaysia

Malaysian mum pleads for help to find son who vanished after Sept Bangkok trip, says their last conversation was on ‘how to order omelette in Thai’ Will he walk free or defend himself? Najib’s fate in the balance as High Court set to rule on RM2.2b 1MDB trial on Oct 30Abang Johari receives a memento from Abu Bakar after delivering his keynote address. — Photo courtesy of Premier of Sarawak’s OfficeKUCHING, Oct 3 — The Sarawak government is contemplating setting up a consolidated entity as its asset management and investment arm, said Tan Sri Abang Johari Openg.

Abang Johari revealed this when closing the three-day Sarawak Civil Service One Team Retreat in Brunei Darussalam in conjunction with the launch of the Sarawak Trade and Tourism Office Brunei today. “Such a model would also enable remuneration to be set at a high level and comparable to those in developed countries,” he added.

He added the bank would also serve as an avenue to facilitate the state’s current robust overall development.

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