PM urges GLICs, GLCs to reduce overseas investments and focus more on domestic market

Prime Minister Datuk Seri Anwar Ibrahim

PUTRAJAYA: Prime Minister Datuk Seri Anwar Ibrahim has urged government-linked investment companies (GLICs) and government-linked companies (GLCs) to reduce their overseas investments and increase their domestic investments.

Anwar, who is also the Finance Minister, said the government is, however, prepared to give flexibility to GLCs and GLICs to make investments abroad if there is a need.