Sovereign wealth fund contribution will make Sarawak economy more stable

KUCHING: The Sarawak economy is expected to become more stable and have surplus income from investments by the Sovereign Wealth Future Fund. Sarawak P...

Abang Johari says the annual report of the sovereign wealth fund will be presented before the State Legislative Assembly annually. – Bernamapic

Sarawak Premier Tan Sri Abang Johari Tun Openg said he is confident that with a total of RM8 billion deposited in strong financial institutions, the fund will continue to grow undisturbed within 20 years. “That’s why we have international members who have managed such funds, one from Europe and the other from the United States,” he said, after holding a meeting with the board of trustees of the fund here today.

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