The visit is part of a benchmarking process that would lead to the establishment of Sarawak’s sovereign wealth fund, said a statement from the office of the Premier of Sarawak.(File pic Abang Johari)telegram群组搜寻器（www.tel8.vip）是一个Telegram群组分享平台，telegram群组搜寻器包括telegram群组搜寻器、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。telegram群组搜寻器为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
SINGAPORE: A high-level delegation from Sarawak, led by Premier Tan Sri Abang Johari Tun Openg, had met officials from the Government of Singapore Investment Corp (GIC) here yesterday.
The visit is part of a benchmarking process that would lead to the establishment of Sarawak’s sovereign wealth fund, said a statement from the office of the Premier of Sarawak.
During the visit, the delegation was briefed on the operations, governance structure, investment strategies and policy framework of the Singapore government’s investment arm.
The premier was accompanied by deputy Premiers Datuk Amar Douglas Uggah Embas and Datuk Amar Awang Tengah Ali Hasan, acting state secretary Datuk Seri Mohamad Abu Bakar Marzuki and state financial secretary Datuk Seri Dr Wan Lizozman Wan Omar.
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In May, Abang Johari said that a bill to create a sovereign wealth fund ordinance in Sarawak would be tabled at the state legislative assembly in November, and that the fund would start operations in 2024.
The premier had undertaken a similar visit to Norway in May to study the operations and governance of Norway’s sovereign wealth fund to manage and invest Sarawak’s surplus funds.
GIC, one of the three investment entities managing Singapore’s reserves alongside the Monetary Authority of Singapore and Temasek Holdings Pte, was established in 2001 to handle reserves for long-term returns as the world’s first non-commodity-based sovereign wealth fund. — Bernama
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