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.
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