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Governance, Public-Private Partnership

“Monsters” in the house? What to do about Malaysia’s government-linked companies

“Monsters” in the house? What to do about Malaysia’s government-linked companies
About a month before Malaysia’s parliamentary election in May 2018, then-opposition leader Mahathir Mohamad raised concerns over the role that government-linked companies (GLCs) were playing in the economy, being “huge and rich” enough to be considered “monsters”. Data support his description—GLCs account for about half of the benchmark Kuala Lumpur Composite Index, and they constitute seven out of the top-10 listed firms in 2018. They are present in almost every sector, sometimes in a towering way. Globally, Malaysia ranks fifth-highest in terms of GLC influence on the economy.

Public-Private Partnership

PPPs in ASEAN: Why I’m excited, and how to keep the momentum

PPPs in ASEAN: Why I’m excited, and how to keep the momentum
Discussions I’ve had around public-private partnerships (PPPs) in Asia have typically focused on India and the PRC because of their strong deal volumes. Having listened to and interacted with agencies in several ASEAN countries, I believe ASEAN is at an inflection point that could soon make it the bustling PPP market ADB has long been working toward.