The government Thursday launched the Perkukuh Pelaburan Rakyat (Perkukuh) initiative, effectively starting the journey for six government-linked investment companies (GLICs) to execute their refreshed mandate.
Prime Minister Tan Sri Muhyiddin Yassin said the genesis of Perkukuh was to reimagine the role and renew the capabilities of Malaysia’s GLICs and comprised 20 main initiatives that would be implemented through 2024 to achieve five key outcomes.
The key outcomes included to sharpen clarity on the mandate of each GLIC; enhance focus on developmental and catalytical investments to spur new growth and enhance the socio-economic impact; and crowd-in the private sector while streamlining the role of the government and its agencies in business
KUALA LUMPUR, Aug 12 - The government today launched the Perkukuh Pelaburan Rakyat (Perkukuh) initiative, effectively starting the journey for six government-linked investment companies (GLICs) to execute their refreshed mandate. Prime Minister Tan Sri Muhyiddin Yassin said the.
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One must not lose sight that Kwan – Kumpulan Wang Amanah Negara – is a public trust fund. This means that it is established for public purposes by the government by way of legislation which creates the trust, sets out its legal terms, and assigns rights and duties to different persons or no parties.
Section 6 of the National Trust Fund Act (Act 339) sets out the purposes for which moneys standing to the credit of the fund can be applied or used before the recent amendment vide the Emergency (National Trust Fund) (Amendment) Ordinance 2021), the purposes were:
(a) any of the purposes of the Development Fund as specified in the First Schedule to the Development Funds Act 1966 [Act 406]; and
PETALING JAYA: The Umno supreme council wants the Perikatan Nasional government to allow Parliament to convene during the state of emergency, says Umno secretary-general Datuk Seri Ahmad Maslan.
He said Umno leaders also decided that the party will send a letter to the Registrar of Societies (ROS) and the National Security Council to ask for advice and guidelines on conducting the Umno party polls due to be held this year.
“We insist and propose to the government that Parliament and state assemblies convene once again, in line with the statement by Yang di-Pertuan Agong Al-Sultan Abdullah Ri ayatuddin Al- Mustafa Billah Shah that Parliament should convene during the current state of emergency.