Breaking News-(BN) Malaysia to Set Up 10 Billion Ringgit Private Equity Fund

By Soraya Permatasari
June 30 (Bloomberg) -- Malaysia’s government plans to set up a 10 billion ringgit ($2.8 billion) private equity fund, Prime Minister Najib Razak.
The fund will focus on investing in companies majority- owned by the country’s ethnic Malays, Najib said today in a speech in Kuala Lumpur.