BlackRock owns RM27.5bil worth of assets in Malaysia, says Tengku Zafrul

Free Malaysia Today

The investment, trade and industry minister says dropping the global investment firm’s investments would have clear negative effects on the nation’s investment agenda.   Read More:  https://www.freemalaysiatoday.com/category/nation/2024/06/27/blackrock-has-been-here-since-the-90s-says-tengku-zafrul/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #TengkuZafrulAziz #BlackRock #KhairyJamaluddin

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00:00Investment trade and industry minister Tengku Zafrul Aziz cited the above figures when explaining

00:19to the Dewan Rakyat today that dropping global investment from BlackRock will have clear

00:24implications and negative effects on the nation's investment agenda.

00:28He said neither his ministry nor Putrajaya has dealt with the firm directly, adding that

00:33BlackRock's dealings with companies such as Microsoft and Intel do not directly involve

00:37shareholders.

00:38Zafrul also said that BlackRock has been investing in Malaysia for decades.

00:58Yesterday, former Minister Kary Jamaluddin said, using the excuse that BlackRock had

01:12already invested in Malaysia to justify allowing global infrastructure partners to participate

01:17in the privatization of Malaysia Airport's Holdings Berhad is not an apple-to-apple comparison.

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