by Ekrem Duman | Jul 29, 2026 | Malaysia Company Stories, Sovereign Wealth & GLCs
⚡ TL;DRMalaysia’s GLCs cannot be understood apart from bumiputera policy — the affirmative-action framework, rooted in the New Economic Policy (NEP) of 1971, that sought to raise the economic participation of the Malay and indigenous majority (bumiputera). State...
by Ekrem Duman | Jul 29, 2026 | Malaysia Company Stories, Sovereign Wealth & GLCs
⚡ TL;DRThe 1MDB scandal is one of the largest financial frauds in history — a state investment fund, 1Malaysia Development Berhad, from which prosecutors say billions of dollars were misappropriated. Set up in 2009 under then-Prime Minister Najib Razak, 1MDB...
by Ekrem Duman | Jul 29, 2026 | Malaysia Company Stories, Sovereign Wealth & GLCs
⚡ TL;DREPF and PNB are the two giant funds that, between them, own vast swathes of corporate Malaysia. The Employees Provident Fund (EPF) is one of the world’s largest pension funds — a mandatory retirement-savings scheme for private-sector workers that invests...
by Ekrem Duman | Jul 29, 2026 | Malaysia Company Stories, Sovereign Wealth & GLCs
⚡ TL;DRKhazanah Nasional is Malaysia’s sovereign wealth fund — the government’s strategic investment arm, holding stakes in many of the country’s largest companies and a growing international portfolio. Unlike a commodity-funded oil wealth fund, Khazanah was built...
by Ekrem Duman | Jul 29, 2026 | Malaysia Company Stories, Sovereign Wealth & GLCs
⚡ TL;DRMalaysia’s economy is unusually shaped by government-linked companies (GLCs) — firms in which the state, through investment institutions, holds controlling or significant stakes. These GLCs dominate strategic sectors: banking, telecoms, utilities, plantations,...
