GLCs, GLICs must contribute more to economy during pandemic, says finance minister

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Tengku Zafrul Tengku Abdul Aziz says companies still doing well should not be looking solely at profits, but should do more for economic, job and investment development. FMTNews GLC GLIC

Finance Minister Tengku Zafrul Aziz said he did not want to see GLCs and GLICs slow down on their investments because of the current economic situation.

Speaking to Sinar Harian, he also said he had started discussions with the companies on how they can assist the economy and the rakyat.He said he could not deny that GLCs and GLICs contribute to the economy, but the government required more support from them at this time to revive the economy and open up job opportunities.He said companies that are still doing well at this time should not be looking solely at profits, but should do more for economic, job and investment development.

“This cannot happen because the government is increasing its development spending — we want to have positive effects on the economy.”

 

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Tell it to the banks.

Cimb?

Instead of begging at the private sector, look at the 'gaji-buta' public sector tzafrul_aziz KerajaanPintuBelakang has the largest MuhyiddinYassin cabinet in the history. Cut down on your wastage first!! 🤦‍♂️

Yet another plan that isn't pragmatic nor effective. The motivations of companies are very easy to predict. They are motivated profit. Developing a plan that takes advantage of that will be much more effective. Asking them to behave in an unconventional way is not wise.

Ministers who earn without paycut, without reduced salary, and grossly incompetent, should do more for the people they are working for.

You mean companies like Top Gloves, Supermaxx, Calsberg etc Yes. This time I agree with you. They should contribute more taxes or pool their funds in supporting them the front liners.

Yeah they will immediately listen to your advise. Good luck

Only guess

Kenapa isu pengangguran dan Pemecatan meningkat Adoi Menteri Kewangan banggang, berhati2lah sedikit bila keluar kenyataan.

Can’t handle

Companies still doing well... 🤣🤣🤣

What about politician - maybe pay cut?

it’s like u open a state of the art hospital but u dont hv to treat patients.

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