Khazanah supports and contributes to the Government’s national transformation initiatives

Khazanah was part of the working team supporting the National Economic Advisory Council in developing the New Economic Model (NEM). Khazanah helped the formation of the Performance Management and Delivery Unit (PEMANDU), which was established to oversee the implementation of the Economic Transformation Programme (ETP) and Government Transformation Programme (GTP), two of the NEM’s key pillars.

Some of Khazanah’s corporate responsibility programmes and those undertaken by GLCs fall under the GTP’s National Key Result Areas (NKRAs) related to education and raising the standards of living of low-income households. As a strategic investor, Khazanah and its investee companies are involved in nine of the ETP’s 12 National Key Economic Areas (NKEAs), including tourism, education, and healthcare. In addition, Khazanah’s initiatives in Iskandar Malaysia are in support of the Government’s growth corridor concept.

Khazanah supports the Bumiputera Economic Transformation Programme managed by Unit Peneraju Agenda Bumiputera (TERAJU) via various programmes (covering vendor, student, employee and society) while promoting business opportunities at our investee companies, and through strategic divestments under Bumiputera Economic Council’s initiatives to encourage Bumiputera entrepreneurship and equity growth. Through our role as the Secretariat of the Bumiputera Empowerment Agenda (BEA), Khazanah helps develop key performance indicators (KPI) which are implemented by GLICs and G20 under the Government’s Bumiputera Economic Empowerment Agenda.

Former Khazanah Deputy Chairman Tan Sri Dato’ Seri Utama Nor Mohamed Yakcop, Managing Director Tan Sri Azman Mokhtar and Board members Tan Sri Mohamed Azman Yahya, Tan Sri Andrew Sheng and Dato’ Sri Nazir Tun Abdul Razak were members of the Special Economic Committee set up by the Government in August 2015. The commitee was tasked to develop immediate and medium-term measures to strengthen the country’s economic fundamentals amid global economic volatility.

In 2017, staff under 40 years of age from Khazanah and our investee companies participated in a National Transformation 2050 (TN50) dialogue organised by the Ministry of Youth and Sports (see photo above). Youth and Sports Minister Khairy Jamaluddin was on hand to listen to views from the participants, moderated by Tan Sri Azman Mokhtar.

Khazanah Americas Inc

Khazanah Americas Inc, which was opened in 2013, helps to faciliate investments in the Americas which are of strategic interest to Khazanah, its investee companies, and Malaysia in general. Located in San Francisco, a premier hub for innovation and technology, the office provides Khazanah with the platform to better evaluate opportunities in the global technology sector.

DELIVERING BENEFITS TO STAKEHOLDERS

Khazanah’s mandate goes beyond value creation in the financial and strategic spheres. We are also tasked with delivery of societal returns, as part of our role in helping Malaysia to achieve developed nation status with a high-income, sustainable and inclusive economy.

To add The Khazanah Report 2017 onto your home screen: tap and then Add to Home Screen