Over the past 30 years, various ASEAN countries have set up their own sovereign wealth funds, including

Singapore's Government of Singapore Investment Corporation (GIC) and Malaysia's Khazanah Nasional
Berhad. These funds have had a significant impact on the economic growth and development of their
respective nations.

For example, GIC has been delivering consistent high returns on its investments investments span
various sectors, such as real estate and private equity, and have helped to expand Singapore's economy
beyond its traditional revenue sources. GIC's success can be attributed to its careful investment
approach, long-term planning, and strict risk management protocols.

Meanwhile, Khazanah Nasional Berhad was founded in 1993 to support sustainable economic
development in Malaysia. Its investments have included healthcare, education, and technology, among
others, to facilitate Malaysia's transition into a high-income nation. Furthermore, Khazanah played a
crucial role in developing Malaysia's Islamic finance industry, which has become a significant contributor
to the country's economy.