The Employees Provident Fund (EPF) and Khazanah Nasional Bhd is planning to expand their investments in the United States and purchase more Boeing jets to help strengthen the country\u2019s economy.<\/p>\n
According to Prime Minister Datuk Seri Najib Razak, who is also the finance minister, the EPF alone is expected to invest between US$3 billion and US$4 billion. The prime minister also said the Malaysian delegation had three specific proposals.<\/p>\n
First,that Malaysia intended to increase the number of Boeing planes to be purchased by Malaysia Airlines Bhd (MAB). The current commitment being 25 planes of 737-MAX 10, eight 787 Dreamliners and a strong possibility of adding 24 (or) 25 more 737-MAX 10 in the near future. Within five years, with the additional purchase, the deal will be worth beyond US$10bil.<\/p>\n
Second, the EPF has already invested close to US$7 billion in terms of equity in the US and they intend to invest an additional US$3 billion to US$4 billion to support your infrastructure redevelopment.<\/p>\n
Third, Khazanah Nasional, which has an office in the Silicon Valley, \u00a0also intends to up its investment. The state investor previously had invested about US$400 million in various tech companies.<\/p>\n