Malaysian funds including MAVCAP likely to be reorganised by Ministry of Finance

Malaysian funds including MAVCAP likely to be reorganised by Ministry of Finance

Kuala Lumpur, Malaysia. Photo: Pixabay

Government-linked funds, including Malaysia Venture Capital Management Bhd (MAVCAP) and Malaysian Debt Ventures (MDV), are likely to undergo reorganisation by the Ministry of Finance.

According to a report by The Star, these funds are being considered for restructuring due to their sub-par performance and their inability to repay large amounts due to the government, despite years of reorganising efforts.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter