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Sovereign Wealth Funds Briefing - Categorized | Market

GLCs now on stronger footing - Khazanah chief

Posted on 11 June 2014

Government-linked companies (GLCs) have strengthened their financial capacities and are on track to push themselves to be on par with local competitors or even become regional champions, even as their transformation programme comes to an end next year.
Khazanah Nasional Bhd managing director Tan Sri Azman Mokhtar said with the exception of one or two problem cases, the majority of the 60 companies have done well under the GLC Transformation Programme rolled out a decade ago. “The bulk are doing well. There is a lot of wind in our sails,” Azman said after releasing the Khazanah Report 2013………………………………………..Full Article: Source


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