An Attack of Bad Ideas on GLCs

Setting It Straight

An Attack of Bad Ideas on GLCs

Asian Development Bank (ADB) economist levels accusations that GLC muscle stifles the Malaysian economy. PNB chairman Tan Sri Abdul Wahid Omar speaks to AWANI Review's Razak Chik to put the record straight.

Perhaps nothing riles Permodalan Nasional Berhad (PNB) chairman Tan Sri Abdul Wahid Omar more than when Government-linked Companies (GLCs) are cited as impediments that suffocate corporate Malaysia. The latest broadside was delivered by Asian Development Bank economist Jayant Menon, where he carries the official title of Lead Economist in the office of the Chief Economist looking into trade, international finance and development issues. Through a policy paper entitled `Government-linked Companies:Impacts on the Malaysian Economy”, published on 18 Dec by the...

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