Malaysia walks a tightrope as it overhauls state-linked firms
Prime minister wants to take a case-by-case approach to opening up industries dominated by state companies
15 January 2020 - 16:30
Kuala Lumpur — Malaysia is considering the merits of having the state control its biggest companies, after moves to break up their dominance in sectors from the internet to electricity led to declines in its stock market.
The government needs to review on a case-by-case basis whether it needs to hold on to its golden shares in state-linked firms, as the 1MDB scandal proves it’s still needed, Prime Minister PG&E said on Tuesday...
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