PNB is just like a mega-size Public Mutual that caters largely to Bumiputera to make investment/unit trust. Of course, it's part of the NEP policy as well.

Also another policy that is practiced till today is the allocation of IPO shares specifically for Bumiputera investors (selected by MITI). Back then, obviously there weren't many Bumi investors that were wealthy enough to take up shareholding in some of the big GLC - TNB, TM, etc. So Khazanah was created initially for this purpose. This is not really an issue and is more like a "left hand to right hand" thing. Some more, by letting Khazanah hold the shares, it "helps" to increase Bumiputera equity participation.

Along the way, comes Badawi. With the help of McKinsey consultants, he initiated the GLC Transformation Programme (GTP). So Khazanah become more like an active investor, and those companies under them also become more performance driven with KPI to achieve.

Khazanah is a sovereign fund like Temasek, didn't see anything about helping bumiputra.

But common la all this, once new parties take over they sure want their own people inside there. U can look at PNB and Sime Darby.

Mandate changes over time. When Badawi took over, he initiated the GLC Transformation Programme (GTP). It was good though, tbh.

No, they are trying to excuse themselves from any liabilities.
(If u know what i mean )



I must have wrongly said above.
Saya katak bawah tempurung.

This post has been edited by Aftermaths: Jul 26 2018, 10:26 AM

all jobs being push down to kuli, he is kuli sure unhappy.

Don't tell me that Tun don't know the purpose of Khazanah since it was formed during his tenure. It is basically administered by Finance

Sila duduk jangan lari

Yeah.. mandate. Too frust to type properly.

Hmmm..... more like.....

With recent transactions of the Jib administration, more like songlap arm for the UMNOputra rather than helping the Bumis.

welcome to tun m era

patut la..ada anak razak dlm khazanah
must destroy all razak legacy

tun the destroyer activated

You guys know that because of profits that Khazanah made, it was able to buy into PLUS and did the national service by not increasing toll rates in nouth-south highway right?

When was the last time you hear tolls for Nouthsouth higher being increased?

You want talent to manage a sovereign fund, you must be prepared to pay them the rates. Otherwise they will work for other international investment companies.

This post has been edited by Chrono-Trigger: Jul 26 2018, 10:44 AM

game of thrones

THE ELDERS HAVE SPOKEN

pnb is to help grow bumi $$$, but khazanah is to help kroni... use gov's $$$ but insert deadwood high paying kroni

temasek started off by privatizing stat boards and gov owned companies, they dont invest in matured companies... only after decades they started doing so after liquidizing some assets... GIC on the other hand manages the reserves buying in stocks as one of the asset class but hardly interfere in operations/management

insert kroni that so happened to be all bumi... then say help bumi... agenda amno

lol. /k mana paham.

EPF dividend nak tinggi, toll tak nak bayar.

Well, TDM said that Khazanah should take care of bumiputera agenda...

so of course, they are unsure about their mandate now! LOL

yeah. i thought is a fund for msia... like epf for workers... we already have felda for that no? or i am not up to date

Azman moktar, azlan has him, nazir Razak and Md Nor should resign

Rest can stay

Khazanah delivers strong all-round performance in 2017
Portfolio value rises RM13.4 billion (+13.2%) to a record RM115.6 billion, Profit Before Tax increases 84.7% to RM2.89 billion

Highlights:
Portfolio Net Worth Adjusted (“NWA”) rose by RM13.4 billion or 13.2% to a record RM115.6 billion in 2017 (2016: RM102.1 billion). Long-term value creation remains on an uptrend with NWA growing at a compounded annual growth rate (“CAGR”) of 9.6% per annum, or 3.5x, since 14 May 2004
Realisable Asset Value (“RAV”) grew 8.2% to RM157.2 billion (2016: RM145.3 billion), while RAV cover, a key prudential ratio, increased to 3.1x
Unaudited Profit Before Tax (“PBT”) increased 84.7% to RM2.89 billion (2016: RM1.57 billion)
Sustained progress in long-term strategic value creation, including the launch of a programme to boost innovation in Khazanah’s companies (TIDE). There were ongoing transformation and value creation effects in our core companies, and catalytic development domestically, while international investments continue to gather pace, especially in the technology sector and in China
Sustained performance in delivering societal value, with highlights including RM233.5 million spent on Corporate Responsibility by Khazanah and Yayasan Hasanah, further progress in the Taman Tugu Project, the roll-out of Hari Hasanah and the Hasanah Bersama Rakyat programme
Institutionalisation work continued in 2017, including improving governance and establishing international partnerships on governance standards, implementing a management succession plan and ongoing talent development
Khazanah Nasional Berhad (“Khazanah”) today presented its 14th Khazanah Annual Review (“KAR 2018”), demonstrating continued progress and sustained performance in long-term value creation and delivering financial, strategic and societal returns.

Tan Sri Datuk Wira Azman Hj. Mokhtar, Managing Director of Khazanah said: “We are grateful to have delivered a strong financial performance in 2017, with the portfolio NWA rising 13.2% or RM13.4 billion to RM115.6 billion. This represents a long-term growth of 3.5x (or 9.6% per annum) increase in portfolio value since 2004, delivered on a secure portfolio asset cover of 3.1x (assets over liabilities). Further, PBT jumped 84.7% to RM2.89 billion while good progress was made across all other aspects of our mandate – strategic, societal and institutional.”

If you asked me, they have been doing stellar job, Khazanah. But I guess, there need to be a change of guard. I do hope they maintain their brief