GOVERNMENT-LINKED investment companies (GLICs) and government-linked companies (GLCs) play a role in contributing to the realisation of the Madani concept, Prime Minister Anwar Ibrahim said last night.

In a post on Facebook, he said he emphasised this in his meeting with GLICs on Budget 2023 at the Finance Ministry earlier in the evening.

“In line with the sustainability element in the Madani approach, the discussion included the commitment by GLICs and GLCs to enhance sustainability of the oil palm industry as well as to drive renewable energy,” he said.

The prime minister said Budget 2023, which will be tabled at the end of the month, will require all parties to work together in driving reforms.

He said GLICs and GLCs have a specific role in supporting the national development agenda, especially in catalysing investment for new growth sectors, supporting human capital development, the employment of fresh graduates and implementing corporate social responsibility.

“I also asked GLICs and GLCs to ensure the provision of dignified employment, development of vendors and small and medium enterprises, and to contribute to community programmes, especially those involving poverty eradication.

“This is in line with the compassion element in the Madani approach,” he said.

Anwar, who is also finance minister, is expected to table a new Budget 2023 in the Dewan Rakyat on February 24. – Bernama, February 3, 2023.