KOTA KINABALU, Nov. 17 -- Gabungan Rakyat Sabah (GRS) has mooted a Sabah Sovereign Wealth Fund as part of its "Sabah Forward" thrust in its election manifesto.

The fund, to be set up by a state enactment, is for long-term financial sustainability aimed at securing future income streams for the state's next generations, GRS deputy secretary-general Datuk Armizan Mohd Ali said today.

"The fund's initial capital would come from a portion of Sabah's state reserves, which is at RM8.6 billion as of September 2024, and to be seeded yearly by a portion of Sabah's 40 per cent special grant from Putrajaya which we are confident of resolving soon.

"The fund is to ensure the sustainability of Sabah's finances for future generations, through strate...