There are currently seven GLICs in Malaysia: The Employee Provident Fund (EPF), Khazanah Nasional Berhad, Kumpulan Wang Amanah Pencen (KWAP), Lembaga Tabung Angkatan Tentera (LTAT), Lembaga Tabung Haji (LTH), Menteri Kewangan Diperbadankan (MKD), and Permodalan Nasional Berhad (PNB).
What are the GLC in Malaysia?
Government-linked companies (GLCs) are controlled by the Malaysian government via the Federal Government- linked Investment companies (GLICs). GLCs can be defined as companies that have a primary commercial objective and in which the Malaysian government has a direct controlling stake.
Is Malaysia Airlines GLC?
Malaysia Airline Berhad (MAB)
A GLC wholly-owned by Khazanah Nasional, which is owned by the Ministry of Finance Incorporated (MOF Inc.).
Is TNB a GLC?
GLC is a legal entity created by a government to undertake commercial or business activities on their behalf as the rightful owner. … Before it was privatised in 1990, TNB is known as the National Electricity Board (NEB) and one of the most efficient government entities.
Is DRB Hicom a GLC company?
The largest shareholder of POS Malaysia, DRB-HICOM holds 53.5% shares directly and indirectly via its subsidiary, HICOM Holdings. Interestingly, DRB-HICOM is also a GLC as two GLICs (EPF and Lembaga Tabung Haji) have substantial shareholding in the company.
Is Pos a GLC Malaysia?
Pos Malaysia is one government-linked company (GLC) that runs a monopoly that’s more secure than the Queen’s crown jewels’. Yes, this is what happens when you have a privatised monopoly with no competition – consumers are at their mercy.
Where is mh370?
Who brought electricity to Malaysia?
Here, two enterprising individuals Loke Yew and Thamboosamy Pillai installed an electric generator in 1894 to operate their mines; they were the first to use electric pumps for mining in Malaya, and marked the great beginning of the story of electricity in Malaysia.