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

Jahabar Sadiq Chan Kok Leong

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.

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  • 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