GLCs meet target by reducing, divesting stake


PETALING JAYA: There was a mixed bag of results from the Strategic Reform Inititiative (SRI) to reduce Government’s role in businesses by divesting their interest in companies that engage in activities that compete with the private sector.

The government-linked companies (GLCs) almost met their target by reducing or divesting their stake in eight out of nine companies that they had earmarked under the asset disposal exercise for 2013.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , ETP

Next In Business News

KJTS’ cooling story loses heat
A Horse you can bet on�
Solarvest well-invested for long term
No ill winds with rising ringgit��
Infomina finds a place in the Sun
Merdeka 118 Community Grants backs nine projects under Cycle 3
Trump hikes US global tariff rate to 15%
Zero abandoned homes�by�2030?
Unmasking housing market pricing abuses
The parcel overhang

Others Also Read