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

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Abang Johari Openg,Temasek Holdings

KUCHING, 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. The...

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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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