GLC reviews will create more competitive private sector
Published on: Thursday, May 17, 2018
Kuala Lumpur: A review of the role played by government-linked companies (GLCs) and limiting government intervention in business will create a more vibrant and competitive private sector, as well as a more focused and efficient government, said National Chamber of Commerce and Industry of Malaysia (NCCIM) President, Tan Sri Ter Leong Yap.He was responding to the Pakatan Harapan manifesto which stated that GLCs should operate in sectors that suffer from market failure, and not compete against private companies."Above all, enhancing transparency and implementing open tenders for government projects, which is estimated to be worth over RM100 billion annually, will be instrumental not only in levelling the playing field for qualified private sector players, but also ensure that taxpayers' money is properly spent.
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