SEGAMAT: The Government, through the Finance Ministry, will continue to monitor government-linked companies (GLCs) and those owned by it, via the Ministry of Finance Inc (MoF Inc), from time to time.
Second Finance Minister Datuk Johari Abdul Ghani (pic) said it was necessary for the managements of the related companies to ensure that those under their charge were well managed.
“If they fail to undertake their responsibilities in an efficient manner, we will not renew their contracts,” he added.
He told reporters this after officiating the Umno Segamat Division delegates meeting in Segamat on Saturday.
Johari said the managements must also ensure their companies turned in a benefit in terms of profit and job opportunities for the people.
On the tabling of the Budget 2017, he said Prime Minister Datuk Seri Najib Tun Razak who is also the Finance Minister, would always prioritise the interest of the people, although Malaysia was facing the impact of the global economic downturn.
He, however, declined to elaborate further on the budget. - Bernama
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