KUALA LUMPUR: Malaysia is considering the merits of having the state control its biggest companies, after moves to break up their dominance in sectors from the Internet to electricity led to declines in Asia’s worst major stock market.
The government needs to review on a case-by-case basis whether it needs to hold on to its golden shares in state-linked firms, as the 1MDB scandal proves it’s still needed, Prime Minister Tun Dr Mahathir Mohamad said.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!