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

📆 10/13/2023 5:18 AM
📰 theSundaily

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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.

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