Tengku Zafrul

KUALA LUMPUR: Government-linked companies (GLC) and government-linked investment companies (GLICs) have committed to invest up to RM50 billion next ye...

“Accordingly, a total of RM250 million will be allocated for the Infrastructure Facilitation Fund to support the implementation of high impact PPP projects in the infrastructure, social and security sectors,“ he added. “GLCs and GLICs will also focus on food security projects worth RM1.35 billion and at the same time encourage sustainability agencies with the launch of the sustainability framework and set targets to achieve a fully environmental, social and corporate governance (ESG)-compliant portfolio and carbon-neutral operations,“ he said while presenting Budget 2023 in Parliament today. He said GLCs and GLICs will continue to play their role as the heart of the country’s economy and invest in venture capitals to support start-up companies and entrepreneurs by up to RM1.3 billion.