Misuse of GLCs seen as factor in poor handling of pandemic

[superadmin]

PETALING JAYA: An economist has blamed the alleged misuse of government-linked companies for these firms’ failure to make meaningful contributions to the fight against Covid-19.

Edmund Terence Gomez said a wide range of GLCs could have been deployed to resolve health and economic issues arising from the pandemic, but the government chose instead to use many of them as tools to help it deal with a political crisis.

He recalled that when the first lockdown was imposed in March 2020, finance minister Tengku Zafrul Aziz announced that the “government ecosystem” would be used to aid companies and the general public.

“The ecosystem Tengku Zafrul referred to included the GLCs,” he told FMT.

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