Ideas proposes gradual GLC stake divestment by government | TheStarTV.com

Ideas proposes gradual GLC stake divestment by government

Published on 19 Sep 2019 6:46:21 PM

The Institute for Democracy and Economic Affairs (IDEAS) has proposed a review of Malaysian government-linked companies (GLCs) to form the basis of a divestment strategy.

Ideas research director Laurence Todd said this during a public forum ahead of Malaysia's Budget 2020 announcement on Oct 11 this year.

Todd dded that under the proposal, the government is to target a gradual disposal of its shareholdings in GLCs to 10% of these companies' total market capitalisation by 2030.

Keywords
) government-linked company, budget 2020, divestment strategy, glc, government, ideas, institute for democracy and economic affairs, laurence todd, malaysia, news, public forum

The Institute for Democracy and Economic Affairs (IDEAS) has proposed a review of Malaysian government-linked companies (GLCs) to form the basis of a divestment strategy.

Ideas research director Laurence Todd said this during a public forum ahead of Malaysia's Budget 2020 announcement on Oct 11 this year.

Todd dded that under the proposal, the government is to target a gradual disposal of its shareholdings in GLCs to 10% of these companies' total market capitalisation by 2030.

Keywords:
) government-linked company, budget 2020, divestment strategy, glc, government, ideas, institute for democracy and economic affairs, laurence todd, malaysia, news, public forum

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