PM: GLCs expected to record RM130b cumulative investment value this year

📆 10/13/2023 5:18 AM
📰 theSundaily

⏱ Reading Time:
24 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

KUALA LUMPUR: Government-linked companies (GLCs) and government-linked investment companies (GLICs) continue to fulfil their role as the driving force...

: Government-linked companies and government-linked investment companies continue to fulfil their role as the driving force behind the country's economy, with GLCs' estimated cumulative investment value to reach RM130 billion this year.

“Furthermore, GLICs and GLCs have also increased their contribution in the implementation of various programmes for the well-being of the people and the country, from RM250 million in 2023 to RM300 million in 2024,“ he said during the tabling of Budget 2024 in the Dewan Rakyat today. Additionally, financial institutions will provide financing facilities totalling RM200 billion to encourage the industry to shift towards the low-carbon economy, said Anwar.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DBKL shuts down 44 foreign-run business premises in KLKUALA LUMPUR: The Kuala Lumpur City Hall (DBKL) immediately sealed 44 premises operated by foreigners in the vicinity of Jalan Kenanga, here, yesterda...
Source: theSundaily - 🏆 25. / 51 Read more »

Company auditor loses RM1.48mil to investment scamKUALA LUMPUR: MYAirline has suspended its operations effective Thursday (Oct 12) until further notice.
Source: staronline - 🏆 4. / 75 Read more »