Focus

Budget 2024: Role of GLICs, GLCs significant as driving force of country's economy

By SINAR DAILY REPORTER
13 Oct 2023 05:30pm
Finance Minister Datuk Seri Anwar Ibrahim tabling the Malaysia Madani Budget 2024 in Parliament, today. - Photo by Bernama
Finance Minister Datuk Seri Anwar Ibrahim tabling the Malaysia Madani Budget 2024 in Parliament, today. - Photo by Bernama
A
A
A

SHAH ALAM - The role of government-linked companies (GLCs) and government-linked investment companies (GLICs) is significant as the driving force of the country's economy.

In tabling the Malaysia Madani Bugdet 2024, Finance Minister Datuk Seri Anwar Ibrahim said this year, the accumulated investment value of GLCs was estimated to reach RM130 billion.

The investment focuses, the Prime Minister said included domestic direct investments (DDI), venture capital in high-tech innovative startups and green growth for climate resilience.

"Furthermore, GLICs and GLCs have increased their contributions to various programmes for the welfare of the people and the nation.

"This contribution has risen from RM250 million in 2023 to RM300 million in 2024," he said when tabling the budget in Parliament, today.

Related Articles:
BUDGET 2024
malaysia madani budget
Anwar Ibrahim
finance ministry
glc
glic
More Like This
Photo for illustration purposes only. - 123RF
Photo for illustration purposes only. - 123RF
National Low survival rate for oral cancer in Malaysia raises alarm
Stop smoking, maintain oral hygiene to reduce oral cancer risk
Photo for illustration purpose only. - Illustrated by Sinar Daily
Photo for illustration purpose only. - Illustrated by Sinar Daily
National Green jobs market on the rise in Malaysia, offering over 30,000 opportunities
According to the ILO, green jobs are jobs in any economic sector that contributes to preserving or restoring the environment, ultimately to sustainable levels.
Ustaz Wan's efforts paid off as his students frequently succeeded in competitions, including at the district level. - Photo by Bernama
Ustaz Wan's efforts paid off as his students frequently succeeded in competitions, including at the district level. - Photo by Bernama
National Ustaz Wan gets ball rolling by building bowling lane for students
Ustaz Wan's efforts paid off as his students frequently succeeded in competitions, including at the district level.
Photo for illustration purposes only. - 123RF
Photo for illustration purposes only. - 123RF
National Could increase in medical negligence cases have impact on health tourism in Malaysia? Medical experts share insights
By WAN AHMAD ATARMIZI
04 May 2024 03:00pm
SHAH ALAM - Growing concerns about medical negligence in Malaysia has raised questions about its impact on the country's medical tourism industry, with medical experts noting a worrisome increasing trend on the matter. Universiti Kebangsaan Malaysia (UKM) Public Health Medicine Specialist...