Budget 2025: RM1bil National Fund-of-Funds to begin ops in Nov

KUALA LUMPUR: An RM1bil National Fund-of-Funds will be established under Khazanah Nasional Bhd to support venture capital fund managers in investing in startups.

In his Budget 2024 speech, Prime Minister-cum-Finance Minister Datuk Seri Anwar Ibrahim said the fund, which will have an allocation of RM300mil for 2025, will begin operations next month.

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