In-depth reporting on Malaysia and the region.
Khazanah Nasional exceeded its long-term investment targets despite a difficult macroeconomic environment, Prime Minister Anwar Ibrahim disclosed at the fund's third board meeting. The sovereign wealth manager also initiated a forensic probe into documentation irregularities at subsidiary Xeraya Capital.
The Malaysian Anti-Corruption Commission and Permodalan Nasional Berhad have strengthened their strategic partnership to improve governance and transparency in managing the nation's substantial investment portfolio.
Prime Minister Anwar Ibrahim has defended the Retirement Fund (KWAP) against criticism, highlighting its RM12.9 billion net profit and strong investment returns while acknowledging lessons from the controversial eFishery investment.
Malaysia's Parliament has approved the National Trust Fund Bill 2026, introducing legally binding provisions for contributions and withdrawals from the nation's intergenerational savings fund. The reform marks the first comprehensive update to KWAN since 1988.
The Dewan Rakyat has approved the National Trust Fund Bill 2026, introducing mandatory contributions and enhanced oversight to address past governance gaps and secure long-term fiscal sustainability.
Parliament has passed the National Trust Fund (KWAN) Bill 2026, broadening Malaysia's approach to preserving wealth from natural resources beyond oil and gas. Finance Minister II Amir Hamzah emphasises the need for other resource sectors to contribute alongside Petronas.
Malaysia has passed legislation tightening controls over the Kumpulan Wang Amanah Negara after a RM5 billion withdrawal in 2021 exposed regulatory gaps. The new law now requires parliamentary approval for any future fund withdrawals.
Parliament has begun formal consideration of the National Trust Fund Bill 2026, designed to create a permanent financial reserve for future Malaysian generations through scheduled government contributions and resource revenues.