Khazanah chief defends government’s hand in business

Amirul Feisal highlighted the importance of various stakeholders in the economy, including private companies, the government, regulators, fund managers, non-governmental organisations and academia

KUALA LUMPUR: The chief of Malaysia’s sovereign wealth fund has defended the role of government-owned companies in the business sector.

Speaking at the Khazanah Megatrends Forum 2023 on Monday, Khazanah Nasional Bhd managing director Datuk Amirul Feisal Wan Zahir said that government-owned entities are often criticised for “crowding out” private players.