'Some of these GLCs
are set up to benefit the politicians behind them.
Out of this amount, RM36.06 billion (or 58.9 per cent) was devoted to the "Carve Out and Compete" initiative for the Bumiputera programme from GLCs
and government's mega projects.
This focus on strategic investments and promotion of GLCs
paid off: 25 years after inception, Temasek already had a portfolio of S$100bn, almost 300 times its original value.
Mercedes' offering, the GLC
, was a somewhat late arrival to this potentially lucrative party in the UK after the Stuttgart marque mysteriously chose not to build the predecessor GLK in right-hand drive form.
Are Malaysian government-linked companies (GLCs
) creating value.
In term of literature contributions, this study provide sample of 260 PLCs in Malaysia which present more generalized result compared to the previous studies that have been done only on GLCs
(Esa and Zahari, 2017).
In Malaysia, Maybank is one of the top GLCs
and is the leading financial services group, as well as ranked fourth by assets in ASEAN.
Our tester was on 18" rims, rather than the 20" jobs you'll see on many GLCs
, and this no doubt helped prevent the ride from crossing the line into becoming harsh.
come with a nine-speed automatic gearbox - operated via a stalk on the steering column, in traditional Mercedes style - and four-wheel drive.
The resilient growth was largely driven by the Company's investment portfolio, which comprises some of the country's largest listed GLCs
operating in stable and defensive industries - its key dividend income contributors.
A vast privatisation program also multiplied connections between the party and Malay big business, as many public utilities became so-called government-linked companies, or GLCs
, tasked with representing and promoting bumiputera interests.