Greater GLC participation in nation-building

GLCs

GOVERNMENT-linked companies (GLCs) have been asked to play a bigger role in the country’s development and focus their resources on strengthening the economy.

At the tabling of Budget 2022, the government has laid out a specific plan that GLCs should be taking. This includes GLCs having to invest at least RM30bil in areas such as renewable energy, supply chain modernisation and 5G infrastructure.