Kuala Lumpur: The Public Accounts Committee (PAC) has put forth a recommendation urging the Armed Forces Fund Board (LTAT), which operates under the Ministry of Defence (MINDEF), to enhance its dividend policy, reserve guidelines, and Strategic Asset Allocation (SAA) Framework.

According to BERNAMA News Agency, PAC chairman Datuk Mas Ermieyati Samsudin recently emphasized that these changes are essential for LTAT to maintain consistent dividend payments while safeguarding its long-term sustainability. The PAC has also advised LTAT to broaden its investment portfolio, noting that a significant portion remains concentrated within the Boustead Group.

PAC has been briefed about LTAT’s ongoing reassessment of its current SAA Framework, which is now focusing on risk management through diversified investments across different asset classes. This approach aligns with PAC’s recommendation for LTAT to diversify its investment portfolio and reduce dependency on a single entity.

Moreover, the PAC is still awaiting the finalization and submission of the Boustead Group Restructuring Plan from LTAT. This plan has already been presented to key government figures, including the cabinet, the Minister of Defence, the Minister of Finance II, and the Senior Director of Economy and Finance from the Prime Minister’s Office.

Datuk Mas Ermieyati also mentioned that the public can access detailed follow-up actions by MINDEF and LTAT, along with PAC’s comments, by downloading the statement available on the PAC’s official website at www.parlimen.gov.my/pac.