Bailing out another government-linked company? — Matilda George

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MAY 29 — I refer to the statement made by Prime Minister Datuk Seri Anwar Ibrahim that the government must take over the troubled Boustead Naval Shipyard Sdn Bhd (BNS) in order...

MAY 29 — I refer to the statement made by Prime Minister Datuk Seri Anwar Ibrahim that the government mustthe troubled Boustead Naval Shipyard Sdn Bhd in order to complete the Littoral Combat Ship project.

The government bailout policy is one of the government’s direct intervention policies. The financially distressed company will be assisted by the government from going bankrupt.

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