GLCs are for politicians to milk dry

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Petronas, Tenaga Nasional (TNB) and Sime Darby are Malaysia’s three biggest GLCs. For more info, go to https://www.pcg.gov.my/ 

GLCs are for politicians to milk dry

https://www.youtube.com/watch?v=NL7P_etGwrY&t=41s (Consider This: GLC Reform — Who Really Controls Malaysia’s GLCs?)

KUALA LUMPUR, March 11, 2025: What are Government-Linked Companies (GLC) and who really controls them in Malaysia?

Initially launched by the Government as public companies for the benefit of rakyat dan negara (people and country), it was then privatised.

Do GLCs now serve the interest of rakyat dan negara?

No News Is Bad News reproduces above an interview with political economist Dr Edmund Terence Gomez:

Who really controls Malaysia’s government-linked companies? – Terence Gomez

10 Mar 2025

For decades, Malaysia’s GLCs – government-linked companies – have been central to the economy, controlling vast sectors from banking to telecoms.

But according to political economist Dr Edmund Terence Gomez, they are also at the heart of what he calls the political-GLC complex – a deeply entrenched system that allows the ruling elite to use these companies for political control, patronage and grand corruption.

Can the political-GLC complex ever be dismantled?

Astro Awani’s Melisa Idris talks to Dr Edmund Terence Gomez, emeritus professor of political economy at the University of Malaya, author of Misgovernance: Grand Corruption in Malaysia and Aliran member.

Produced by: Astro Awani

The views expressed in Aliran's media statements and the NGO statements we have endorsed reflect Aliran's official stand. Views and opinions expressed in other pieces published here do not necessarily reflect Aliran's official position.

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