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.