Manage Sovereign Wealth Fund well, urge community leaders
BELAGA: Community leaders here have urged that the proposed Sarawak Sovereign Wealth Fund be well managed and benefit every race in Sarawak. Pemanca Tony Kulleh and Pemanca Umek Jeno in a joint statement on Thursday (Nov 24) said “we hope that the proposed Sovereign Wealth Fund, which is expected to generate considerable income, be shared […]
Sarawak Sovereign Wealth Future Fund to be tabled
BY NOOR SYAHHIRA HADY & SARAH HAFIZAH CHANDRA THE Sarawak Sovereign Wealth Future Fund Bill will be tabled in the third session of the first term of the 19th Sarawak Legislative Assembly (DUN). “Whilst we are continuously managing and dealing with the current development issues, we are also thinking about tomorrow, about the long-term interests […]
Sovereign wealth fund to ensure future well-being
By Jamie Lu A STRONG financial position has convinced the Gabungan Parti Sarawak (GPS) government that it is time to put aside funds for future generations through a sovereign wealth fund. In the last couple of months, Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg has travelled to Norway, Singapore and Britain to […]
Premier: Sarawak’s sovereign wealth fund to be professionally managed, adhering to the Santiago Principles
KUCHING: The state’s sovereign wealth fund will be professionally managed by a board of directors of international professions. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said the wealth fund will adhere to the Santiago Principles after grasping the concept during his recent visit to Singapore and London. “My team and I have gone […]
Revenue from surplus funds targeted
LONDON: Sarawak hopes to build on the savings made through surplus of funds by setting up their own sovereign wealth fund. In reiterating this proposal, Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said the state’s resilient financial position is an enabler to this. “Sarawak’s financial position is now quite strong so we want […]
Formation of sovereign wealth fund; Sarawak to engage Norway
KUCHING: Sarawak will engage with Norway in an earnest effort towards the successful formation and management of its own sovereign wealth fund. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said Norway’s Government Pension Fund Global was formed to ensure responsible and long-term management of revenue from Norway’s oil and gas resources. It was […]
Abang Johari to address World Hydrogen Summit
KUCHING: The Premier of Sarawak Datuk Patinggi Tan Sri Abang Johari will deliver a keynote address at the three-day World Hydrogen 2022 Summit and Exhibition hosted by the city of Rotterdam, the Netherlands from May 9 to 11. He will be joining some 3,500 government and industry leaders from all over the world to explore […]
Sarawak sovereign wealth fund to emulate Norway
MIRI: Sarawak’s sovereign wealth fund or oil fund using revenue from the State’s petroleum sector, will emulate Norway. This is to ensure the long-term management of the financial resources of the state for the future, said Chief Minister Datuk Patinggi Abang Johari Tun Openg. “I’ve directed our officers to carry out a thorough study on how […]
Yes, to state’s sovereign wealth fund
KUCHING: The Gabungan Parti Sarawak (GPS) state government’s plan to set up a sovereign wealth fund drew compliments from many. Chief Minister Datuk Patinggi Abang Johari on Thursday pointed out that the fund will be able to secure the state’s future when it is no longer generating revenue from its oil and gas. To this, […]
Yes to state’s sovereign wealth fund
KUCHING: The Gabungan Parti Sarawak (GPS) state government’s plan to set up a sovereign wealth fund drew compliments from many. Chief Minister Datuk Patinggi Abang Johari on Thursday pointed out that the fund will be able to secure the state’s future when it is no longer generating revenue from its oil and gas. To this, […]
