New KWAP initiative will give local investors more exposure, says ex-Umno man

Former Umno information chief Shahril Hamdan says KWAP is utilising a creative structure to attract foreign investors to local deals.

PETALING JAYA: A former Umno leader tonight praised a newly launched Retirement Fund Inc (KWAP) initiative, saying it could provide international exposure to local fund managers.

Shahril Hamdan said “Dana Pemacu” would help local investment managers obtain an insight into how international investment deals are made.

“It’s an excellent initiative to pair local fund managers, who may lack exposure, with renowned international managers capable of providing access to deal flow outside of Malaysia,” the former Umno information chief said in the latest episode of the “Keluar Sekejap” podcast.

He said KWAP was utilising a creative structure to attract foreign investors to local deals while also allowing investment abroad.

“That’s the kind of creativity we need,” he said.

KWAP launched the new private capital investment initiative on Tuesday, with an allocation of RM6 billion, with half of the sum poured into shariah-compliant investments.

Prime Minister Anwar Ibrahim said the initiative aims to stimulate investments in high-growth Malaysian companies, bolstering Malaysia’s private markets ecosystem.

hahril’s co-host, Khairy Jamaluddin, said the initiative would enhance Malaysia’s visibility among foreign investment companies, attracting more investment to the country.

“Malaysia is a small market, without such an effort, these (foreign) firms would not even bat their eyes on Malaysia,” the former health minister said.

GIP could introduce new dimension of expertise to MAHB

Separately, Shahril suggested that the sale of Malaysia Airports Holdings Bhd (MAHB) shares to Global Infrastructure Partners (GIP) could introduce a new dimension of expertise.

GIP is a subsidiary of the American company BlackRock, one of the world’s largest asset management companies with shares in several defence industry enterprises.

It has been alleged that BlackRock owns a stake in companies that manufacture arms which enable Israel to continue its genocide against the Palestinian people and has since triggered calls for sale of MAHB’s shares to GIP to be halted.

“We have local expertise, but perhaps we need foreign partners to expand networks with airlines and suppliers within the airport ecosystem,” he said.

He said the responsibility lies with Khazanah Nasional Bhd and the EPF to persuade sceptics of the deal and justify the necessity of GIP involvement, in which they failed to do so with their ‘motherhood’ statement on Sunday.

On Sunday, Khazanah gave an assurance that GIP will not have a hand in the management of MAHB when MAHB is taken over.


Leave a Reply

Your email address will not be published. Required fields are marked *