KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak wants closer GLCs-private sector collaboration, particularly in expanding their joint footprints overseas.
"There can also be collaborations in catalysing new growh sectors domestically. Yet, at the same time, GLCs will continue divesting non-core and non-competitive assets," he said when launching GLCs 'Open Day 2011' on Friday, June 24.
Najib said GLCs have not only performed well but have also expanded their footprints beyond Malaysia's shores.
"We see some of these GLCs are now Malaysia's multinationals. This is the kind of transformation we are aiming for at this crossroads in our nation's history," he said.
Najib, however, cautioned that there was no room for complacency, but there was ample avenue for improvement.
"One example is the Vendor Development Programme. This is a perfect means by which the wealth generating capabilities of GLCs benefit the broader business community.
"According to the Report Card, 130 vendors have graduated from this programme, but there are many, many such vendors in Malaysia. The GLCs should reach out to more small and medium enterprises and entrepreneurs and make that number significantly high," he added. - Bernama
"There can also be collaborations in catalysing new growh sectors domestically. Yet, at the same time, GLCs will continue divesting non-core and non-competitive assets," he said when launching GLCs 'Open Day 2011' on Friday, June 24.
Najib said GLCs have not only performed well but have also expanded their footprints beyond Malaysia's shores.
"We see some of these GLCs are now Malaysia's multinationals. This is the kind of transformation we are aiming for at this crossroads in our nation's history," he said.
Najib, however, cautioned that there was no room for complacency, but there was ample avenue for improvement.
"One example is the Vendor Development Programme. This is a perfect means by which the wealth generating capabilities of GLCs benefit the broader business community.
"According to the Report Card, 130 vendors have graduated from this programme, but there are many, many such vendors in Malaysia. The GLCs should reach out to more small and medium enterprises and entrepreneurs and make that number significantly high," he added. - Bernama
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