Sarawak to set up sovereign wealth fund to boost state's financial sustainability

By SHARON LING

KUCHING: Sarawak will set up a sovereign wealth fund with an initial amount of RM8bil to strengthen the state's financial sustainability.

This comes after the state legislative assembly unanimously approved the Sarawak Sovereign Wealth Future Fund Board Bill on Tuesday (Nov 22).

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Sarawak , Sarawak Sovereign Wealth Future Fund Board Bill , Abang Johari Openg , Sarawak Legislative Assembly

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