S'wak Legislative Assembly approves resolution authorising appropriation to sovereign wealth fund


KUCHING: The Sarawak Legislative Assembly has approved a resolution authorising the initial and annual appropriation of funds to the state's sovereign wealth fund, which is set to commence operations next year.

Deputy Premier Datuk Amar Douglas Uggah tabled a motion on Tuesday (Nov 21) seeking the withdrawal of funds from the state consolidated fund to be appropriated to the Sarawak Sovereign Wealth Future Fund.

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