RM8bil for sovereign wealth fund

Meet the press: Abang Johari announcing the appointment of the state sovereign wealth fund’s board of guardians. With him (from left) are Talat Mahmood, Deputy Premier Datuk Amar Douglas Uggah, Wan Lizozman and State Secretary Datuk Amar Mohamad Abu Bakar Marzuki. — ZULAZHAR SHEBLEE/The Star

KUCHING: Sarawak’s Sovereign Wealth Future Fund is set to start operations next year following the appointment of its board of guardians, says Premier Tan Sri Abang Johari Tun Openg.

He said the nine-member board, whose appointment was approved by the state Cabinet on July 27, would be led by former Federal Court judge Tan Sri Sulong Matjeraie as chairman.