GLCs To Lead In Investments Under Ninth Malaysia Plan

Reported in The Star,(25/7/06):
“Government-linked companies (GLCs) are in support of the Government’s call for them to play a leading role in the development of the country,especially through greater investments under the Ninth Malaysia Plan (9MP). 
All GLCs must look at what they are doing and link it to the 9MP. They must figure out what kind of participation,good opportunities and private finance initiatives that they want to look into. The 9MP would enable the large companies to chart strategic directions for the growth of GLCs to stay invested in Malaysia. “ 
 

Also,please refer to my article on new membership to the GLC’s roundtable and corporate governance.

Meanwhile for those who want to know some of the GLC companies would participate in the Ninth Malaysian Plan:
UMW managing director Datuk Dr Halim Harun:

• aimed to participate in the 9MP projects,particularly those closely linked to its core automotive,oil and gas (O&G),equipment,manufacturing and engineering businesses.
• The UMW group,which is positioning to be Malaysia’s next conglomerate,has transformed its new Oil &Gas business into the second largest contributor to group profit after the automotive business. 

Chemical Co of Malaysia Bhd (CCM) group managing director Dr Mohamad Hashim Ahmad Tajudin

•  the group was set to support the 9MP projects,which had a big allocation for the development in healthcare industry. 
• “That is why we are aggressively venturing into pharmaceuticals,especially the acquisition of Duopharma Biotech Bhd,which has the potential to secure government healthcare projects,” he added. 

GLCs that were construction and banking-based were likely to play a bigger role in the implementation of the 9MP. 

• Statistics On Operational Headquarters In Malaysia – Oil &Gas
• Statistics On Operational Headquarters In Malaysia
• International World Class MSC Malaysia Status Companies
• Franchising Development in Malaysia
• New Rich in Malaysia
• Implement Procurement System/Process To Save Costs
• Sovereign Wealth Funds In Partnership On Strategic Investments