A real need for local giants

Rules and regulations have helped lay the foundation for local players in sectors such as healthcare, plantation and E&E to become globally competitive. IHH Healthcare Bhd, for example, is worth some RM55.6bil. However, moving lower down the value chain, there are sectors where Malaysian companies have struggled to survive. — Kamarul Ariffin/The Star

IN the global business world, government agencies, including regulators of industries, play a major role in laying the foundation for the creation of strong local companies.

Many US banks would not be leading the world today if they had not been given some level of safeguarding from their government. The same applies to Malaysia.