Malaysia’s Finance Minister Urges Government-Linked Companies to Step Up Investments for Economic Growth

Speaking at an interview on the 1st of November 2020, Malaysia’s Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz, stated that Government-linked Companies (GLCs) should support Malaysia’s recovery out of COVID-19, by investing and increasing spending on projects and job creation, as opposed to cutting back investments.

Tengku Zafrul, who has already initiated talks with GLCs and government-linked investment companies (GLICs), added that the government alone could not drive the changes needed. GLCs and GLICs, along with the private sector were instrumental in assisting the economy and the general public.

The Finance Minister stated that this was an opportune time for...