“The MoF also remains saddled with some rather poor performing GLCs, held through its holding company, Minister of Finance Inc. Finance Minister Lim(pic) has spoken of the need to reform and eventually divest these GLCs.”
PETALING JAYA: The Institute for Democracy and Economic Affairs (IDEAS) is urging the government to consider a more transparent approach toward reforming government-linked companies (GLCs).
In a brief titled “GLC Monitor 2019: State of Play Since GE14, ” IDEAS noted that the Pakatan government in its election manifesto had promised to reform the governance of GLCs.
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