Khazanah chief defends government’s hand in business

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KUALA LUMPUR: The chief of Malaysia’s sovereign wealth fund has defended the role of government-owned companies in the business sector.

Speaking at the Khazanah Megatrends Forum 2023 on Monday, Khazanah Nasional Bhd managing director Datuk Amirul Feisal Wan Zahir said that government-owned entities are often criticised for “crowding out” private players.

“Among the programmes we’ve launched under Dana Impak is the Future Malaysia Programme which seeks to invest in the Malaysian venture ecosystem,” he said. “As such, we work with partners such as 500 Global, Gobi, Antler, Plug and Play, PETRONAS Ventures and more to ensure that we take a holistic approach in the value chain,” according to him.

 

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Malaysia Malaysia Latest News, Malaysia Malaysia Headlines