Surachet aims high with Aseambankers
IT IS NOW well over two years since Malaysian prime minister Abdullah Ahmad Badawi announced a revamp of Khazanah, the state’s investment arm, with the proclamation that the proposals represented “nothing less than a remaking of Malaysia Inc”. One of its goals included reviving the country’s government-linked companies, whose performance up to that point was nothing short of underwhelming.
Khazanah set about modernizing the GLCs through a series of initiatives and performance targets.
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