KUALA LUMPUR: Government-linked investment companies (GLICs) will increase the value of their domestic investments to RM30bil in 2026.
At the tabling of Budget 2026, Prime Minister-cum-Finance Minister Datuk Seri Anwar Ibrahim said the government's GEAR-uP initiative will see domestic investments from GLICs ramped up from RM25bil in 2025 in a bid to accelerate strategic sector growth.
Accordingly, GLIC investments will back local companies and markets in their growth stages.
The Prime Minister cited the example of KWAP creating a RM1.2bil Accelerator Fund to co-invest with private fund managers in energy transition, food security and the digital economy sectors.
He also mentioned Khazanah Nasional Bhd's Mid-Tier Company Programme, which provides RM250mil to strengthen mid-tier firms'capacity and competitiveness.
