Budget 2025: LTAT To Leverage GEAR-uP Initiative For RM120 Billion Domestic Investment

KUALA LUMPUR, Oct 19 (Bernama) -- The Armed Forces Fund Board (LTAT) is poised to seize new opportunities through the GEAR-uP initiative, which aims for government-linked investment companies (GLICs) to increase domestic direct investment to RM120 billion over the next five years, making a significant contribution to the sustainability of the nation’s economy.

Its chief executive officer, Mohammad Ashraf Md Radzi, said LTAT and its affiliated companies are fully committed to supporting the aspirations outlined in Budget 2025.

“As a strategic institutional investor, our focus aligns with national interests and key development objectives, ensuring a more prosperous future for our nation's heroes,” he said in a statement today.

He added that this progressive budget establishes a strong foundation for Malaysia's economic advancement, and LTAT is dedicated to playing a crucial role in generating positive outcomes.

“We are optimistic that this budget will accelerate economic momentum, promote sustainable development, and create a conducive environment for investment,” he added.

Elaborating, he added that through strategic investments, LTAT aims to reduce the country’s dependence on critically imported supplies.

“For instance, the local production of halal vaccines by Pharmaniaga is a crucial step in strengthening our nation’s healthcare infrastructure.

“This initiative will not only lessen reliance on imports but also ensure broader access to high-quality and affordable healthcare for all Malaysians, aligning with the objectives of Budget 2025,” he said.

Ashraf further added that LTAT will continue to honour the sacrifices of military personnel through prudent investment strategies designed to ensure financial sustainability for veterans and foster sustainable growth for the welfare of its members.

“LTAT is committed to recognising the hard work and sacrifices of our armed forces through effective investment strategies that deliver long-term value,” he added.

In tabling Budget 2025, Prime Minister Datuk Seri Anwar Ibrahim, who is also the Finance Minister , announced that government-linked investment companies (GLICs) will boost domestic direct investment to RM120 billion over five years, with RM25 billion allocated for investment in the coming year.

--BERNAMA