The visit is part of a benchmarking process that would lead to the establishment of Sarawak’s sovereign wealth fund, said a statement from the office of the Premier of Sarawak.(File pic Abang Johari)足球免费贴士（www.hgbbs.vip）是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的足球心水网。
SINGAPORE: A high-level delegation from Sarawak, led by Premier Tan Sri Abang Johari Tun Openg, had met officials from the Government of Singapore Investment Corp (GIC) here yesterday.
The visit is part of a benchmarking process that would lead to the establishment of Sarawak’s sovereign wealth fund, said a statement from the office of the Premier of Sarawak.
During the visit, the delegation was briefed on the operations, governance structure, investment strategies and policy framework of the Singapore government’s investment arm.
The premier was accompanied by deputy Premiers Datuk Amar Douglas Uggah Embas and Datuk Amar Awang Tengah Ali Hasan, acting state secretary Datuk Seri Mohamad Abu Bakar Marzuki and state financial secretary Datuk Seri Dr Wan Lizozman Wan Omar.,
In May, Abang Johari said that a bill to create a sovereign wealth fund ordinance in Sarawak would be tabled at the state legislative assembly in November, and that the fund would start operations in 2024.
The premier had undertaken a similar visit to Norway in May to study the operations and governance of Norway’s sovereign wealth fund to manage and invest Sarawak’s surplus funds.
GIC, one of the three investment entities managing Singapore’s reserves alongside the Monetary Authority of Singapore and Temasek Holdings Pte, was established in 2001 to handle reserves for long-term returns as the world’s first non-commodity-based sovereign wealth fund. — Bernama
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