Malaysia's Khazanah aims to quadruple overseas investment to spread risk

KUALA LUMPUR: Malaysian sovereign wealth fund Khazanah Nasional Bhd wants to quadruple its foreign investments to 60 per cent-70 per cent of its total portfolio over the next decade and beyond to reduce exposure to domestic risks, according to a parliamentary report.

Managing Director Shahril Ridza Ridzuan told reporters earlier this month that Khazanah was targeting a pretax profit this year of at least 5 billion ringgit - the highest in eight years. The fund is also working on cutting its operating costs by 30 per cent-40 per cent over the next few years.Shahril said Khazanah should have a bigger overseas presence like funds in countries such as Norway and Singapore.

He also promised"lots of restructuring" in the fund's commercial portfolio without giving details. The commercial portfolio includes stakes in CIMB Group Holdings, Axiata Group, IHH Healthcare, Alibaba and some lesser-known listed and unlisted companies.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Man arrested for allegedly cheating victims of at least $282,000 in investment scamsSINGAPORE - A 49-year-old man has been arrested for his suspected involvement in a series of investment scams in which victims were cheated of at least $282,000, the police said in a statement on Wednesday (Oct 23).. Read more at straitstimes.com.
แหล่ง: The Straits Times - 🏆 8. / 63 อ่านเพิ่มเติม »

North Korea may allow China to tap rare earth mine in exchange for solar investmentBEIJING (REUTERS) - North Korea plans to grant China access to a rare earth mine in exchange for investment in solar energy that could ease chronic power shortages in the impoverished country, according to an article posted on an industry association website on Thursday (Oct 24).. Read more at straitstimes.com.
แหล่ง: The Straits Times - 🏆 8. / 63 อ่านเพิ่มเติม »

Utico says may cut Hyflux investment if no definite deal is inked by next weekSINGAPORE - Hyflux's would-be white knight Utico warned on Thursday that it will shrink its proposed $300 million equity injection to $200 million by early next week if the embattled water treatment firm has by then still not signed a definitive restructuring agreement.. Read more at straitstimes.com.
แหล่ง: The Straits Times - 🏆 8. / 63 อ่านเพิ่มเติม »