Terengganu Investment Authority

Before there is a company called 1 Malaysia Development Berhad (1MDB) been made viral by the media, there is an authority called Terengganu Investment Authority (TIA). The TIA which was setup with a starting fund of RM10bil in the late 2008 was been made as a sovereign wealth fund aimed at the state of Terengganu’s economic development. The authority that had appointed Tunku Mizan as the chairman for the TIA’s board of advisers will work alongside with Terengganu Menteri Besar (First Minister) in managing the oil royalty payments from the Federal Government to the state.

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