Welfare of members in GLICs involved in GEAR-uP programme must be safeguarded

THE GEAR-uP programme is a tremendous initiative designed specifically to reinforce the domestic economy.

The programme itself aims to harness the liquidity of RM1.8 trillion in assets under management (AUM) currently held by six government-linked investment companies (GLICs). The Employees Provident Fund (EPF) holds the largest slice of this pie at 63%.

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Domestic economy; investments; government-linked investment companies

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