Economist urges reforms to bring GLC spending out of the shadows

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‘GLCs and foundations are abused to channel money to politicians.’

An economist today calls for reform on government-linked companies and foundations in the country, saying that the two structures deal with a huge amount of money and are widely abused by politicians for their personal interests.

Speaking in an online forum, Terence Gomez described GLCs and foundations as two worlds that"exist in the shadow" where money gets channelled to politicians without them being held accountable.Read more from this author

 

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What? First I have to declare my assests and now I have to account for public's money invested in GLCs What do you think this is.. A freakin democracy

It ain’t gonna happen. This is Malaysia. We abhor transparency because it’s not consistent with our culture of C.

Please take note and try to do something about it. tzafrul_aziz

Stop dreaming coz it’s not going to happen

Msia's,spendings r non productive n unaccountable..Human resource expenditures that only ensures employment with deplorable quality output.Bloated Govt syndrome slowly creeping into GLC,GiLC and many more wastage driven gutter organizations funded by tax-payers money..business

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