ARTICLE · 28 SEPTEMBER 2021

Malaysian Government Launches PERKUKUH Programme For GLICs

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On 12 August 2021, the Prime Minister of Malaysia launched the Perkukuh Pelaburan Rakyat (‘PERKUKUH') programme, to re-state the role and renew the capabilities of Malaysia's Government Linked...

MalaysiaGovernment, Public Sector

Francine Ariel Paul

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On 12 August 2021, the Prime Minister of Malaysia¹ launched the Perkukuh Pelaburan Rakyat (‘PERKUKUH') programme, to re-state the role and renew the capabilities of Malaysia's Government Linked Investment Companies (severally a ‘GLIC' and collectively ‘GLICs').

PERKUKUH seeks to achieve five key outcomes, namely:

Sharpened clarity on the mandate of each GLIC;
Enhanced focus on developmental and catalytical investments to spur new growth and enhanced socio-economic impact;
Crowd-in the private sector while streamlining the role of the government and its agencies in business;
Future-proof GLICs with best-in-class governance, capabilities and strategies; and
Strengthen social safeguards and fiscal resilience.

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