What investment opportunities will ASSAR 2 provide for non-Bumiputera?

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ASSAR 2 to Offer Investment Opportunities for Non-Bumiputera in Sarawak

The Sarawak state government is considering the establishment of ASSAR 2, a new fund designed to extend investment opportunities to the non-Bumiputera community. This initiative aims to allow non-Bumiputera individuals to save and invest within the state's economy, mirroring the concept of Amanah Saham Sarawak but for a broader demographic. The proposal aligns with the state government's commitment to an inclusive approach in economic development.
Proposal Undergoing Feasibility Review

A proposal for ASSAR 2 is currently under review by the ASSAR board of directors and management. This assessment will determine the feasibility of the new fund, with the operational model of Permodalan Nasional Berhad (PNB) being used as a reference point for the evaluation. The objective is to create a viable mechanism for non-Bumiputera participation in investment schemes previously exclusive to the Bumiputera community.
Aim to Broaden Savings and Investment Avenues

The core intention behind ASSAR 2 is to provide non-Bumiputera Sarawakians with a dedicated avenue to save and invest, similar to the existing Amanah Saham Sarawak. This would allow them to participate in the growth of the state's economy, which is currently experiencing significant development. By establishing a separate fund, the government seeks to pool additional capital for investment purposes.
Inclusive Approach to Economic Participation

The development of ASSAR 2 is a direct reflection of the Sarawak state government's policy of practising an inclusive approach. This strategy ensures that a wider segment of the population can benefit from the economic progress and investment opportunities available within the state. The initiative underscores a commitment to ensuring that all communities have the chance to contribute to and profit from Sarawak's economic expansion.

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What investment opportunities will ASSAR 2 provide for non-Bumiputera?

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