KUCHING, July 30: Sarawak’s Sovereign Wealth Fund bill is scheduled to be tabled by the end of the year, said Deputy Premier Dato Sri Dr Sim Kui Hian.
“It will be another historical milestone for Sarawak,” said Dr Sim in a Facebook post today.
According to Dr Sim, the Sarawak government delegation has learnt more about managing sovereign wealth funds from countries such as Norway and Singapore.
The latest update, he said, was the Sarawak government’s delegation making a trip to London to learn about UK Sovereign Wealth Fund’s investment.
He also believed that that even when the Sarawak government had access to consultants, there is still a need to learn as much as possible to make informed policy decisions.
Yesterday (July 29), a high-level Sarawak government delegation, led by Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg, was in London to learn the best practices and experiences about UK Sovereign Wealth Fund’s investment strategies, management, governance, as well as legal and police framework as part of the benchmarking process to setting up Sarawak’s very own sovereign wealth fund. — DayakDaily
