Khazanah's portfolio up 7.7% to RM145.6b; outlook challenging

Kuala Lumpur

MALAYSIAN state investor Khazanah Nasional said a 7.7 per cent rise in its asset value in 2014 leaves it in good shape for what it expects to be a challenging year, as the country faces pressure from a weakening currency and falling oil prices.

The sovereign wealth fund said on Wednesday the value of its portfolio rose to RM145.6 billion (S$54 billion) in 2014, up from RM135.1 billion in 2013. "Khazanah realises the outlook will be challenging but the numbers are there. We are going in relative strength," Azman Mokhtar, managing director of Khazanah, said at a press conference.