PM: GLCs must not stifle private sector


Corporate summit: Dr Mahathir and Zeti at the conference. With them are Economic Affairs Minister Datuk Seri Mohamed Azmin Ali (third from right) and Entrepreneur Development Minister Datuk Seri Mohd Redzuan Yusof (second from left).

KUALA LUMPUR: The call has become louder for government-linked companies (GLCs) to not crowd out the private sector, and to reassess their priorities.

The Prime Minister said GLCs and government-linked investment companies (GLICs) must re-evaluate their level of participation in corporate Malaysia.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

GLCs , Mahathir , stifle , private , sector , PNB , summit ,

   

Next In Business News

MKH Oil Palm IPO oversubscribed by 8.4 times
Bank Negara adds four companies to Financial Consumer Alert list
Nissan cuts annual operating profit estimate by 14.5% on lower sales
Oil surges as reports of Israeli strike on Iran roil markets
Bitcoin slides below US$60,000 on reports Israel strikes Iran
Stocks sink, oil jumps after Israeli attack on Iran
Yinson Production successfully places US$500mil bond issue
EG Industries expands partnership with US-based R&D firm
FBM KLCI rises despite broader market decline
Malaysia's exports rise in 1Q to RM362.41bil

Others Also Read