Madani Economy: GLCs, GLICs to spur domestic investments - Tengku Zafrul

Miti Minister Tengku Datuk Seri Zafrul Abdul Aziz

KUALA LUMPUR: Government-Linked Companies (GLCs) and Government-Linked Investment Companies (GLICs) are expected to drive domestic direct investments (DDIs) and support the development of local vendors in strategic sectors, such as electrical and electronics (E&E), digital economy and aerospace.

Minister of Investment, Trade and Industry (MITI) Tengku Datuk Seri Zafrul Abdul Aziz said his ministry is pleased that DDI will become one of the Key Performance Indicators (KPIs) because "nothing spells confidence in our investment policies better than our own domestic investors ploughing their money back into their country.”