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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Razak Chik is a journalist of long standing beginning with editorial stints in New Straits Times, business reporting with Malaysian Business as well as capital markets coverage with Investors Digest. He seeks to inculcate the practice of ethics, pursuit of truth and fairness in journalism that will form the platform for universal prosperity.