GLCs meet target by reducing, divesting stake

PETALING JAYA: There was a mixed bag of results from the Strategic Reform Inititiative (SRI) to reduce Government’s role in businesses by divesting their interest in companies that engage in activities that compete with the private sector.

The government-linked companies (GLCs) almost met their target by reducing or divesting their stake in eight out of nine companies that they had earmarked under the asset disposal exercise for 2013.