Tabung Haji records RM1bil income from O&G investments since 2001

  • Nation Premium
  • Friday, 27 Jan 2017

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.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Nation

Grandmother killed in crocodile attack in Kota Marudu Premium
Cabinet greenlights setting up of state economic recovery committees, says Muhyiddin Premium
Delegates from 45 countries attend inaugural aviation summit in Singapore Premium
Floods: Three relief centres opened in Kedah, Negri to house 138 evacuees Premium
Covid-19: 30% of children in Malaysia fully vaccinated Premium
Fire Dept identifies several fire hotspots throughout Malaysia Premium
Covid-19 Watch: 1,697 new cases bring total to 4,479,809 Premium
Police reclassify alleged journalist assault case Premium
Made to work only to be deceived Premium
Concerted effort by agencies to combat online scams Premium

Others Also Read