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Stock markets in Asia took a beating that has not been seen since the Sept 11 attacks in 2001 as investors sold off equities on worries that interest rates in the United States will be raised faster than expected, and hurt corporate profits and economic growth.
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.
Malaysia-China business and trade relations are set to take off in a bigger way following the establishment of the Malaysia-China Business Council two years ago.
The Government wears #8220;three hats#8221; #8211; as regulator, developer and shareholder, Second Finance Minister Tan Sri Nor Mohamed Yakcop said.
The Government wants to renegotiate some of the privatisation projects to ensure that it does not continue to be shortchanged and the people unduly burdened.