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Malaysian Prime Minister Anwar has called on government-linked investment companies (GLICs) and government-linked companies (GLCs) to reduce overseas investments and advocated increasing domestic investments. Despite the emphasis on reducing overseas investment, he said the government was willing to provide flexibility to GLICs and GLCs to invest overseas if needed.
He emphasized that GLICs and GLCs should make strategic investments in line with the new industrial plan and the national energy transition roadmap. In addition, Anwar asked these companies to cooperate with leadership when implementing plans to ensure compliance with policies set by the government, while calling on them to assume greater corporate responsibility while pursuing profits, including improving employee welfare.
He wants the companies to submit reports to the government within a month detailing their plans in various aspects.
(Source: Bernama Image source: freepik)
