Despite losses from FashionValet, Malaysia's sovereign wealth fund pledges to keep investing in startups.
Finance Minister II Datuk Seri Amir Hamzah Azizan announced that despite recent losses from its investment in FashionValet, Malaysia's sovereign wealth fund, Khazanah Nasional Bhd, will continue to invest in start-ups. The fund aims to support the startup ecosystem and contribute to the country's economic growth through strategic investments, with enhanced governance to prevent future losses.
November 14, 2024
5 Articles