欧博百家乐ABG:KWAP to grow gross fund size to RM200bil by 2025
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.胜负彩（www.99cx.vip）是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。胜负彩上胜负分析专家数据更新最快。胜负彩开放皇冠官方会员注册、皇冠官方代理开户等业务。
KUALA LUMPUR: The Retirement Fund Inc (KWAP) has announced plans to further grow its fund size by adopting TERAS 5 initiatives.
The fund which has achieved a record fund size of approximately RM159bil as at end-2021 aims to grow the gross fund size to RM200bil by 2025.
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said: “TERAS 5 is very much aligned with the aspirations of the government to optimise the strengths of government-linked investment corporations.”,
“At a time when markets are experiencing unprecedented volatility, I expect KWAP to strengthen its ability to facilitate more catalytic investments that directly benefit the Malaysian economy, continue to grow its fund size and equally important, elevate service levels for pensioners.” He added
TERAS 5 is a three-year programme based on elevating five enablers, namely Structure, Governance, People, Processes and Digital, that will drive eight workstreams including Organisational Structure, Enterprise, Investment, Contribution & Retirement Services, Digital, People & Culture, Corporate Services as well as Risk, Governance and Oversight.
In a statement, KWAP said TERAS 5 is also expected to help propel KWAP’s investments across a series of different asset classes, across the globe.
KWAP is the body that pays the government’s pension liabilities to government pensioners.