Journey begins for Khazanah 3.0

New role: Pakatan Harapan wants Khazanah to go back to its old ways as part of the mantra that ‘the government should not be in business’. It wants Khazanah to reduce the number of companies in which it holds strategic stakes to a select few that have a bigger national interest.

KHAZANAH Nasional Bhd’s move to reduce its stake in IHH Healthcare Bhd is more than the sovereign wealth fund losing its status as the single-largest shareholder in the giant healthcare company.

It marks the end of the Khazanah–led government-linked company (GLC) transformation programme, which started in 2005. It also is the start of Khazanah version 3.0.