PETALING JAYA: Lembaga Tabung Haji (LTH) has recorded a cumulative income of RM1.06bil from all its investments in the oil and gas (O&G) sector since 2001, while short or medium-term marked-to-market unrealised losses will not change its investment focus.
The pilgrimage fund said many of its investments have been made in strong and performing local bumiputra-owned companies which provided critical services to the national petroleum companies. This enabled Malaysia to reduce its reliance on foreign O&G companies.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
