Maximising returns still paramount

Anwar said GLCs and GLICs should look into employee welfare and human capital development instead of merely focusing on profits.

PETALING JAYA: Prime Minister Datuk Seri Anwar Ibrahim’s call for government-linked companies (GLCs) and government-linked investment companies (GLICs) to allocate more resources for domestic direct investments (DDIs) and to have a larger corporate role in developing the country, has been commended by economists.

However, it has raised the question as to whether GLCs like the Employees Provident Fund (EPF) – which garnered 37.7% of its consistent returns from overseas investments, should be diverting more of its funds into local endeavours.