{
  "id": 13122291,
  "title": "LTAT stands ready to play a role in GEAR-uP",
  "url": "https://urgent.news/2026/10/09/ltat-stands-ready-to-play-a-role-in-gear-up",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T13:04:41.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/economy/2026/10/1551919/ltat-stands-ready-play-role-gear"
  },
  "original_language": "en",
  "account": "The RM25 billion domestic investment strategy aims to direct capital towards industries with high growth potential, while simultaneously providing stable returns for investors. The Armed Forces Fund Board (LTAT) announced its commitment to the GEAR-uP initiative by offering strategic investments and collaborations. LTAT's CEO, Datuk Mohammad Ashraf Md Radzi, stated that the initiative offers a platform for GLICs to collaborate with government and private-sector partners to bolster Malaysia's forthcoming economic growth. LTAT emphasized its role in balancing the need to protect investors' interests with the potential for profitable investments in national development, while maintaining the safety and readiness of the armed forces. The government's allocation of RM22 billion to the Defence Ministry in the 2027 Budget highlights its dedication to preserving national sovereignty and ensuring the armed forces are prepared. LTAT expressed its ongoing dedication to backing these objectives through prudent investment, strategic alliances, and creating lasting value for its contributors. As part of GEAR-uP, LTAT is involved in the New Economy Venture Fund through Sime Darby Property's Elmina project alongside the Employees Provident Fund. Under its five-year plan, Gempur30, LTAT will further strengthen investments in defence and pharmaceutical sectors, crucial to national security, healthcare stability, and economic self-reliance. LTAT already has significant investments in the pharmaceutical sector with Pharmaniaga Bhd and in the defence ecosystem with Boustead Group. Ashraf stated that LTAT's investment approach would concentrate on growing domestic industrial potential while ensuring the capital committed to the fund yields consistent returns for investors. Beyond investments, LTAT pledged to continue supporting the well-being of military personnel, veterans, and their families via initiatives like the Usahawan Wira Empowerment Programme, financial education programs, and retirement training. The fund also endorsed actions to enhance the quality of life through progressive salary policies, including minimum and living salary programs. LTAT affirmed its commitment to responsible fund management, effective governance, and ethical capital allocation, aligning its investment priorities with national growth requirements and safeguarding investors' long-term interests.",
  "summary": "KUALA LUMPUR: The RM25 billion domestic investment agenda will help government-linked investment companies (GLICs) channel capital into high-growth sectors while generating sustainable returns for contributors.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}