Daim says govt-linked entities never meant to compete with private sector

Jahabar Sadiq, Chan Kok Leong Updated 10 months ago · Published on 10 Jul 2022 7:00AM · 1 Comments

Former finance minister Daim Zainuddin says too many state-owned enterprises are crowding out the private sector. – The Malaysian Insight file pic, July 10, 2022.

GOVERNMENT-LINKED companies (GLCs) and government-linked investment companies (GLICs) were never meant to compete with the private sector, Daim Zainuddin said.

The former finance minister said the dominance of state-run enterprises will stifle the private sector and this will result in losses as running a business is not the same as entrepreneurship.

Comments

Everyone knew all these years already but powerless to do anything. Even election results can be altered, for the greed of man, has no limit.
Posted 10 months ago by G GHAZALI