Ministerial approval now needed for GLC and GLIC benefits, says Fadillah

All benefits, trips, and bonuses for government-linked companies (GLCs) and government-linked investment companies (GLICs) must now receive ministerial approval, says Datuk Seri Fadillah Yusof. The Deputy Prime Minister said this is a mandatory requirement under a new policy decided by the Cabinet. “Usually, the Cabinet oversees these aspects only for ministries, departments, and agencies. However, now all...

Perak to ensure NR-REEs remain property of state, not managed by GLCs

IPOH: The Perak state government will ensure that non-radioactive rare earth element (NR-REE) products remain the property of the state government, and not managed by any government-linked companies (GLCs) such as Petronas, says Datuk Seri Saarani Mohamad. The Mentri Besar said that the matter is a concern for all state governments in the country because they...

Sabah GLCs not profiting due to quota system for directors, says Bung

KOTA KINABALU: Sabah must change the way it appoints members of the board of directors of state government-linked companies (GLCs), says Datuk Seri Bung Moktar Radin. The Sabah Barisan Nasional chief said the current system gave more priority to a quota rather than merit and this was the reason why most state GLCs were not turning...

Ex-CEO of Melaka GLC claims trial to power abuse charge

MELAKA: A former chief executive officer (CEO) of a Melaka government-linked company claimed trial to a charge of power abuse at the Sessions Court in Ayer Keroh on Wednesday (Sept 27). Amir Ali, 56, was accused of using his position to appoint his daughter, Nur Hafizah, to hold the position of Financial Officer W41. The accused, who...