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 Nasional Berhad (“Khazanah”) confirms news reports that all Members of the Board of Directors (“Board”) including the Managing Director have offered to resign from the Board. This is done in order to facilitate a smooth and orderly transition under the new Government.

The current Board have been honoured to serve, and feels it appropriate to offer the new Government the discretion and reaffirm the prerogative to form the new Board. We will issue a further statement once we have further details of the reconstitution of the Board.

They offered to resign. I guess ball in TDMs court nao.

Just a simple case of changing cronies. There havent been any controversies surrounding khazanah.

Khazanah Nasional Berhad (“Khazanah”) confirms news reports that all Members of the Board of Directors (“Board”) including the Managing Director have offered to resign from the Board. This is done in order to facilitate a smooth and orderly transition under the new Government.

The current Board have been honoured to serve, and feels it appropriate to offer the new Government the discretion and reaffirm the prerogative to form the new Board. We will issue a further statement once we have further details of the reconstitution of the Board.

They offered to resign. I guess ball in TDMs court nao.

good! wipe them all

Of course, to those sour grapes who can't get into these companies, they will spew toxicity.

I cringed with some so called "fund managers" in the country and "wealth consultants". Engrand also half-half, graduate from dunno which mickey mouse university, but talk a lot - and make lots of people lose  money in stock market or their unit trusts.

But /K seems to trust mickey mouse.

Really? I know one of my friend working in khazanah. Shes uitm grad though. Maybe shes a top student i dont know. But yeah, not everyone is from harvard.

Same as PNB, Wahid Omar has a plan to push PNB forward and now everything has to hold after changing government.

It is because they are UMNO/Najib macai then have to kick them out? AFAIK these Malay elites are doing great job, apart from some interfering from ex-PM.

Maybe because of this -

https://www.malaysiakini.com/news/432968
PM mahu Khazanah kembali ke teras bantu bumiputera

But I thought Khazanah wasn't so much for the Bumiputera agenda but it is a sovereign fund for Malaysia.......

Isn't that what PNB is? Sovereign fund, but for helping bumi?

WTF?? Established in 1993 but not sure about its mandate? Fuckers supposed to make national level investments, not goreng properties lah!

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.

wrong, they forced them to increase price every few years, else how do you get 8% a year for your savings?