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Ideas proposes gradual GLC stake divestment by government

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The Institute for Democracy and Economic Affairs (IDEAS) has proposed a review of Malaysian government-linked companies (GLCs) to form the basis of a divestment strategy.
Ideas research director Laurence Todd said this during a public forum ahead of Malaysia's Budget 2020 announcement on Oct 11 this year.
Todd dded that under the proposal, the government is to target a gradual disposal of its shareholdings in GLCs to 10% of these companies' total market capitalisation by 2030.
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