KUALA LUMPUR: It is a valid request for the government to ask for a higher dividend for 2020 due to the extraordinary financial pressure faced last year, said Khazanah Nasional Bhd managing director Datuk Shahril Ridza Ridzuan.
According to the Khazanah Annual Review 2021 released today, the sovereign wealth fund declared a dividend of RM2.0 billion for 2020 to the government, double the RM1.0 billion dividend declared for 2019.
Shahril Ridza said the government’s traditional sources to fund the budget usually came from taxes, investment gains and dividends.
“On the (dividend) request from the government, whether you consider it as a higher dividend for 2020, to help support the government during this time, I think it is a valid request and due to the higher budget approved for 2020,” he said.
He was responding to a question during a virtual press briefing in conjunction with the release of the Khazanah Annual Review 2021 here today.
However, Shahril Ridza declined to speculate whether Khazanah would continue paying higher dividend for the government in the coming years as “it all depends on the needs of the situation”.
To help spur the economic growth, he revealed that the fund was currently in discussion with the government, including the finance ministry, to look at investing in new growth sectors moving forward.
According to Shahril Ridza, the government is very keen to see how long-term investors like Khazanah could do their part to spur their investments, build up a new industry, or even partner with the private sector in these new growth sectors to boost economic growth.
“We are thinking about capital recycling, such as how do we recycle capital from older assets into newer assets in order to create companies with potential growth, as well as create more new jobs,” he said, adding that further details would be announced in the future.
Moving forward, Shahril Ridza said Khazanah would continue to diversify its global portfolio as it built sustainable value for Malaysia as part of its long-term mandate.
He also said its current capital position was at an “extremely comfortable” level.
Chief investment officer Tengku Datuk Seri Azmil Zahruddin Raja Abdul Aziz said at present, the majority of Khazanah’s investments were still made in Malaysia, and the sovereign wealth fund was gradually shifting its investment portfolio overseas.
“In 2020, we have seen higher profit from overseas than Malaysia,” he added.
According to the presentation slides, over the last two years Khazanah has begun the rebalancing of its commercial fund portfolio to diversify the portfolio and improve risk-adjusted returns.
Its asset allocation in the global public market increased to 17 per cent as at Dec 31, 2020, from 12 per cent in Dec 31, 2018, while allocation in Malaysia’s public market reduced to 50 per cent as at end-2020 from 58 per cent as at end-2018.
-- BERNAMA
Bernama
Thu Mar 04 2021
-On the (dividend) request from the government, whether you consider it as a higher dividend for 2020, to help support the government during this time, I think it is a valid request and due to the higher budget approved for 2020,- Shahril Ridza said.
Legenda EPL puji padang SNBJ
Pemain Manchester Reds dan Liverpool Reds memuji keadaan rumput yang cantik dan bersedia untuk kembali beraksi pada masa akan datang.
Mesyuarat Khas WEF: Dunia saling tidak percaya akibat kebergantungan dipersenjatakan - Naib Presiden Suruhanjaya Eropah
Fenomena hilang kepercayaan yang melanda komuniti antarabangsa ketika ini adalah akibat kebergantungan yang dipersenjatakan oleh beberapa pihak.
Che'gu Bard tiba di mahkamah bagi hadapi pertuduhan kes fitnah, hasut
Badrul Hisham, yang memakai baju Melayu berwarna hijau, dibawa oleh pihak polis ke mahkamah dalam keadaan bergari.
WCK sambung misi bantuan di Gaza
Operasi itu disambung sebulan selepas tujuh pekerja badan amal itu terbunuh dalam serangan udara Israel.
Mesyuarat Khas WEF: Dunia perlukan persaingan sihat dalam transisi ke Orde Baharu - Menteri Luar Arab Saudi
Dunia memerlukan persaingan sihat dalam transisi daripada Orde Dunia Lama kepada Orde Baharu.
Niaga AWANI: Jiwa SME: Permintaan daun moringa meningkat, jadi tumpuan luar negara
Berdasarkan laporan Vodus Market Research, sebuah firma penyelidikan dan analisis data pasaran dalam talian, kira-kira 71 peratus penduduk di negara ini mengambil suplemen pada 2021.
Nilai pasaran suplemen negara juga menunjukkan peningkatan ketara dalam tempoh 2014 hingga 2019, iaitu daripada RM2.07 bilion kepada RM3.1 bilion. Angka itu dijangka terus meningkat pada masa akan datang.
Nilai pasaran suplemen negara juga menunjukkan peningkatan ketara dalam tempoh 2014 hingga 2019, iaitu daripada RM2.07 bilion kepada RM3.1 bilion. Angka itu dijangka terus meningkat pada masa akan datang.
Niaga AWANI: FBM KLCI mencapai paras tertinggi walaupun ditengah cabaran Ringgit
Indeks FTSE Bursa Malaysia KLCI meningkat sebanyak 8.28% walaupun nilai matawang menurun sebanyak 3.79% berbanding dollar Amerika Syarikat (AS). Adakah trend ini akan berterusan sehingga bulan Mei akan datang? Kupasan lanjut bersama Ketua Penyelidikan dan Penasihat Kekayaan, Pengurus Portfolio, UOB Kay Hian Wealth Advisors, Mohd Sedek Jantan.
Niaga AWANI: Ringgit dijangka sekitar 4.77 berbanding dolar AS minggu ini
Pengarah Urusan SPI Asset Management Stephen Innes berkata ini bagaimanapun bergantung kepada reaksi pasaran bon global memandangkan ramai peniaga memberi tumpuan terhadap pelarasan oleh Rizab Persekutuan AS (Fed).
Mustapa Mohamed terima anugerah daripada kerajaan Jepun
Mustapa dianugerahi Grand Cordon of the Order of the Rising Sun daripada Kerajaan Jepun atas sumbangan beliau dalam hubungan Jepun-Malaysia.
Niaga AWANI: Bursa Malaysia dijangka diniagakan dalam jajaran kecil minggu ini
Naib Presiden Penyelidikan Ekuiti Rakuten Trade Sdn Bhd, Thong Pak Leng berkata beliau meramalkan paras sokongan segera pada 1,555, diikuti dengan 1,545.