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THE United Engineers (Malaysia) Bhd Group (UEM) yesterday signed two memoranda of understanding (MoU) with two Indonesian toll road-related companies, PT Jasa Marga (Persero) and PT Sarana Margabhakti Utama, to explore joint opportunities in the development and privatisation of new tolled roads in Indonesia, Malaysia and other countries.
BUDGET 2005 needs to be more aggressive in promoting private investment to enable Malaysia achieve the forecast 6% gross domestic product (GDP) growth, according to he Asian Strategy Leadership Institute (Asli).
PRIME Minister Datuk Seri Abdullah Ahmad Badawi said the Government expects the private sector, including government-linked companies (GLCs), to increase investments and spending to make up for the shortfall arising from the Government's move to cut its own expenditure to reduce the budget deficit.
The reforming of government-linked companies (GLCs) is part of the government's efforts to remake Malaysia Incorporated, said Prime Minister Datuk Seri Abdullah Ahmad Badawi.
ONE of the most significant changes made by the Prime Minister regarding government-linked companies (GLCs) is the pre-eminent role of Khazanah Nasional Bhd as the strategic investment arm of the Government.