GLCs and Shared prosperity

GLC and Shared Prosperity Malaysia
© Micheile Henderson on Unsplash 

The government has recently indicated its intention to revise and relaunch the Shared Prosperity Vision 2030 (SPV2030) (New Straits Times, 2020), which was unveiled by former Prime Minister Tun Dr Mahathir in September 2019. SPV2030 highlights a number of economic development challenges, including the ongoing income disparity between Bumiputera and other ethnic income groups in Malaysia (PMO, 2019). In this respect, SPV2030 represented a policy continuity with previous economic vision statements and it is likely that any relaunch of SPV2030 will continue to highlight inter-ethnic income disparity. As in previous economic development strategies, it is expected that Government-linked-companies (GLCs) will play a role in achieving the policy goals.

Download and read the policy paper down below: