Khazanah to discover potential investments in SE Asia and India

Khazanah to explore potential investments in SE Asia and India

A lady walks previous the Khazanah Nasional Berhad emblem on the entrance desk of the Khazana Nasional workplace in Kuala Lumpur on August 29, 2014. — AFP pic

Wednesday, 21 Sep 2022 4:55 PM MYT

KUALA LUMPUR, Sept 21 — Khazanah Nasional Bhd has set its sights on exploring new potential investments in South-east Asia and India.

Its managing director Datuk Amirul Feisal Wan Zahir stated the nationwide sovereign wealth fund is on the lookout for the proper time to speculate and is searching for alternatives to leverage its world presence and networks.

“We have a look at the strategic asset allocations; it’s only a query of timing, and when and the place we truly have a look at the market.

“So we’re taking a look at South-east Asia and India first,” he stated throughout the MIDF Conversations webinar immediately.

Final month, the media reported that Khazanah was in talks with Indian auto-services agency GoMechanic to steer a US$100 million (RM446.83 million) funding spherical.

Amirul Feisal stated america (US), European nations in addition to China should not strategic funding locations in the intervening time, as a few of these economies are faltering and China is in steady lockdowns.

Nonetheless, he stated, it’s not simple to speculate this 12 months following the decrease ringgit towards the US greenback.

The ringgit slipped to a brand new all-time low of 4.5640/5680 towards the buck at immediately’s opening.

“Inevitably, once we see the speed hikes happening immediately, the economies of varied nations can be impacted,” he added.

On one other observe, he stated Khazanah goals to spur and catalyse new development areas to make Malaysia extra resilient and aggressive through Dana Impak, a RM6 billion dedication fund for catalytic sectors.

“We’re speaking about constructing the nation’s resilience, in addition to spurring new development areas, (one thing) with a double bottomline with monetary and societal affect. That’s one thing we’re on the lookout for,” he stated. — Bernama

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