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Trade & industry entities face mergers to raise performance

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Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Minister mulls makeover for bodies such as Industrial Development Corporation and Competition Commission

The department of trade & industry is considering merging entities such as the Industrial Development Corporation , an important national development finance institution, and the Competition Commission to address underperformance and cut costs.

The department and its entities — which also include the National Credit Regulator, the National Empowerment Fund and the National Lotteries Commission — is tasked with driving economic transformation, applying competition policy and protecting consumers, workers and enterprises.

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