GLCs to invest in start-ups with investments of RM1.5bil

Government-linked companies (GLCs) such as Khazanah Nasional Bhd and the Employees' Provident Fund (EPF) will invest in local startups that are innovative and with high-growth potential - with an investment of RM1.5 billion.

Prime Minister Anwar Ibrahim said with the GLCs’ accumulative value estimated at RM50 billion this year, the role of the GLCs and government-linked investment companies (GLICs) is huge as the driver of the country's economy...