Govt launches ‘Perkukuh’ to reform, future-proof GLICs

Tan Sri Muhyiddin Yassin said on Thursday Perkukuh comprises 20 key initiatives to achieve five key outcomes.

PETALING JAYA: The government has launched a three-year programme to reform and future-proof the government-linked investment companies (GLICs) to ensure the mammoth holding companies remain relevant over the longer term.

Called “Perkukuh Pelaburan Rakyat” or “Perkukuh”, the programme targets six GLICs namely, Permodalan Nasional Bhd (PNB), Khazanah Nasional Bhd, the Employees Provident Fund (EPF), Armed Forces Fund Board (LTAT), Lembaga Tabung Haji (LTH) and Retirement Fund Inc (KWAP).