It’s time to tame the GLC ‘monster’

Market leaders: Local investors monitoring the share market prices in Kuala Lumpur. For the record, GLCs are a dominant force among the companies listed on Bursa Malaysia.

DURING the GE14 campaign period, Tun Dr Mahathir Mohamad had famously referred to Malaysia’s complex ownership structure of government-linked companies (GLCs) as a “monster”.

There was irony in this statement because Dr Mahathir, after all, had a played a leading role in crea­ting this structure that has enterpri­ses in every sector of the economy.