By DayakDaily Team
KUCHING, April 21: Sarawak’s Sovereign Wealth Future Fund Board (SSWFFB) will transition into its capital deployment phase in 2025, marking a major step forward in the State’s efforts to secure long-term economic prosperity, said its chairman Tan Sri Datuk Seri Panglima Sulong Matjeraie today.
He revealed this during a Hari Raya Aidilfitri celebration hosted by the fund, which was attended by Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg at Dewan Majma’ Tunku Abdul Halim Mu’adzam Shah here.
“The year 2025 will mark the fund’s transition into a new phase—namely, the capital deployment phase.
“As a global-class investor, SSWFFB will continue to adopt a cautious and strategic approach, always guided by the interests of the people of Sarawak,” he said, as reported by Sarawak Information Department (Japen).
He stressed that the SSWFFB, established as Sarawak’s sovereign wealth vehicle, is designed not just to manage capital, but to safeguard the State’s wealth with transparency, accountability, and a long-term vision for future generations.
Premier Abang Johari joined representatives from government agencies and corporate partners in a symbolic pulut kuning cutting ceremony, marking the occasion in a spirit of unity and shared purpose.
Also in attendance were Deputy Premier and Second Minister for Finance and New Economy, Datuk Amar Douglas Uggah Embas; Deputy Premier and Minister for Public Health, Housing and Local Government, Datuk Amar Prof Dr Sim Kui Hian; Tun Jugah Foundation chairman Datuk Patinggi Tan Sri Leonard Linggi Jugah; and Sarawak Secretary Datuk Amar Mohamad Abu Bakar Marzuki.
The SSWFFB began official operations last year with the aim of preserving and investing Sarawak’s wealth to benefit future generations. — DayakDaily
