Budget 2025: LTAT ready to seize opportunities

KUCHING: The Armed Forces Fund Board (LTAT) said Budget 2025 focuses on boosting Malaysia’s competitiveness, promoting inclusive growth and enhancing governance.

These align with LTAT’s commitment to long-term value creation, it said.

In this context it said it is ready to seize new opportunities and contribute meaningfully to national growth with RM440 billion allocated to the domestic capital market and RM120 billion to direct domestic investments in the GEAR-uP programme.

“LTAT and group of companies are fully committed to supporting the aspirations of Budget 2025,” said LTAT’s Chief Executive Mohammad Ashraf Md Radzi.

“As a strategic institutional investor, we will align with national priorities and overarching development goals, while simultaneously securing a prosperous future for our nation’s defenders.

“This progressive budget lays a solid foundation for Malaysia’s economic advancement and we are excited to play a key role in driving these outcomes,” he said in a statement on Friday (Oct 18).

He added that the board is optimistic that the budget will accelerate the already strong economic momentum, promote sustainable development which will provide a conducive economic ecosystem for investments to flourish.

Muhammad Ashraf also expressed hope, that through their investments, it can create value such as reducing the country’s dependence on imported critical supplies.

“For instance, Pharmaniaga’s production of halal insulin and vaccines locally is a significant step in strengthening the nation’s healthcare infrastructure, reducing reliance on imports, and ensuring greater access to affordable and high-quality healthcare for all Malaysians, in alignment with the Budget 2025.”

Furthermore, he assured that LTAT remains dedicated to honouring the sacrifices of armed forces personnel through sound investments that secure financial independence for veterans and ensure sustainable growth for the well-being of its members and future generations.

“LTAT will continue to ensure that the hard work and sacrifices of our men and women in uniform are acknowledged through effective investment strategies,” he said.