Successful GLCs are a public boon

I AM encouraged that most of the comments in the media regarding the takeover bids by private sector groups indicate that Malaysians are not in favour of PLUS being sold off. Instead, they prefer it to remain under the ownership of Khazanah and EPF as these government-linked investment corporations (GLICs) represent public interests.

There is no reason to sell PLUS as it is not a financial problem to the government. With its strong cash flow from toll revenue, it can pay its debt and still have the retained earnings to declare dividends to both its shareholders, Khazanah and EPF.