Latest news with #GLICs
New Straits Times
2 hours ago
- Business
- New Straits Times
RM611 billion to ensure 13th Malaysia Plan's success
KUALA LUMPUR: A total of RM611 billion is required to ensure the success of the 13th Malaysia Plan (13MP), said Prime Minister Datuk Seri Anwar Ibrahim. Anwar said that of this amount, RM430 billion will come from the government's development allocation. "Financing from government-linked companies (GLCs) and government-linked investment companies (GLICs) amounts to RM120 billion. "Support from the private sector, through public-private partnership (PPP) initiatives, will contribute RM61 billion. "Out of the RM430 billion allocation, more than half, amounting to RM227 billion, will be channelled to the economic sector, which serves as the main pillar of the nation's growth," he said when tabling the 13MP in the Dewan Rakyat. The five-year 13MP covers the period from 2026 to 2030, and provides a strategic framework for Malaysia's economic, social and environmental priorities. The plan comes as the nation navigates a more complex global environment and domestic reform agenda. The 13MP will also serve as a key policy platform for the unity government, which has anchored much of its governance on the principles of the Madani Economy. Previously, Communications Minister Datuk Fahmi Fadzil said the 13MP reflected the government's commitment to building a more inclusive and sustainable economic foundation over the next five years.
New Straits Times
2 hours ago
- Business
- New Straits Times
Transparent, agile, decisive civil service key focus in 13MP
KUALA LUMPUR: The 13th Malaysia Plan (13MP) will focus on ensuring transparent, agile and decisive service delivery from civil servants, said Prime Minister Datuk Seri Anwar Ibrahim. He said this will be achieved through reforms which focus on institutionalising an efficient and effective government, delivering people-centric services, increasing fiscal strength and ensuring impactful spending on targeted groups. "Integrity and accountability must be embedded across the board, not only among civil servants or enforcement agencies, but also across all sectors, including the private sector, statutory bodies, GLCs, GLICs, and civil society organisations. "The Madani Government is committed to strengthening the governance ecosystem through legal and institutional reforms, including in Parliament. He added that the government would also enhance monitoring mechanisms and instil integrity from the early education stage to the civil service.
The Sun
3 hours ago
- Business
- The Sun
RM611 billion needed to drive 13th Malaysia Plan: Anwar
PETALING JAYA: The 13th Malaysia Plan (13MP) will require a total investment of RM611 billion, Prime Minister Datuk Seri Anwar Ibrahim announced in Parliament. Tabling the 13MP, today, he said the federal government is expected to contribute RM430 billion through its development allocation, while government-linked companies (GLCs) and government-linked investment companies (GLICs) will provide RM120 billion. An additional RM61 billion will come from the private sector via public-private partnerships (PPP). Anwar said more than half of the government's RM430 billion allocation – amounting to RM227 billion – will be channelled into the economic sector, positioning it as the key driver of national growth. The social sector will receive RM133 billion, with RM67 billion allocated to education and RM40 billion to healthcare. Meanwhile, RM51 billion has been earmarked for security and RM17 billion for administration. He stressed that the strategic distribution of funds reflects the government's commitment to delivering comprehensive and high-impact development under the Madani framework. 'If this bold initiative succeeds, by 2030, we will not only have achieved significant material gains, but also fostered a society with strong values, unity, mutual respect for cultural diversity, and a solid national identity,' he said. Anwar said that 13MP must be a shared effort by all — individuals, communities, the private sector and government — working together to uplift the dignity and standing of the rakyat.
New Straits Times
21-07-2025
- Business
- New Straits Times
Azam: Asset declarations by GLC, GLIC CEOs a step towards transparency
PUTRAJAYA: The government's move to mandate the declaration of assets by chief executive officers (CEOs) of government-linked companies (GLCs) and government-linked investment companies (GLICs) to the Malaysian Anti-Corruption Commission (MACC) is a preventive measure aimed at enhancing accountability. MACC Chief Commissioner Tan Sri Azam Baki said that by declaring their assets, the public can see that each organisational leader does not accumulate wealth arbitrarily through their positions. "When these CEOs declare their assets to the MACC, they become more cautious in their actions because any attempt to use their positions to amass wealth can be easily detected," he said after receiving 13 asset declaration forms from the CEOs and heads of operating companies under Boustead Holdings Berhad (BHB) at his office today. The forms were submitted by BHB's Integrity and Governance Department head and executive vice-president Rosman Johar Abdullah. Meanwhile, Rosman said the submission of the asset declaration forms was in line with the government directive requiring CEOs in GLCs and GLICs to declare their assets to the MACC. He said the initiative should be supported by all parties to ensure that corruption is not only addressed but prevented before it happens. Also present were BHB's Integrity and Governance Department assistant vice-president Wan Azlee Wan Mohd Ghazali, and special officer to the MACC Chief Commissioner, Superintendent Mohd Fadzil Md Amin. Bernama reported in 2022 that CEOs of GLCs and GLICs, including members of the judiciary, were required to declare their assets to the MACC. Prime Minister Datuk Seri Ismail Sabri Yaakob was reported saying the decision was made by the Special Cabinet Committee on Anti-Corruption (JKKMAR), which also noted that the details of the new code of ethics will be retabled by the MACC in the upcoming meeting. JKKMAR also decided that the mechanism for asset declaration by members of the administration, members of the Dewan Rakyat, and members of the Dewan Negara to the MACC would be strengthened to enhance the credibility and integrity of the government administration. Amendments and enhancements to the existing code of ethics for members of the administration and members of Parliament will be implemented, and a new code of ethics will also be introduced for members of Parliament under the Houses of Parliament (Privileges and Powers) Act 1952 (Act 347), taking into account the preservation of the principle of separation of powers between the executive and legislative bodies.
Yahoo
18-07-2025
- Health
- Yahoo
Two-tier healthcare or public lifeline? Unpacking the debate over Rakan KKM
KUALA LUMPUR, July 15 — The Ministry of Health's (MOH) plan to launch its 'Rakan KKM' programme has ignited a fierce public debate. On one side, detractors warn it would create a two-tiered healthcare system that favours wealthier patients using public facilities. On the other, supporters argue the programme could help alleviate the financial strain on government hospitals and clinics while retaining specialist talent. What is Rakan KKM? The programme is a paid-for service envisioned by the MOH to offer 'premium economy' healthcare, encompassing elective procedures and personalised care. According to Health Minister Datuk Seri Dr Dzulkefly Ahmad, Rakan KKM will operate within the public healthcare ecosystem but provide services evocative of yet cheaper than commercial hospitals. The ministry aims to launch Rakan KKM by the third quarter of this year at four pilot locations: Hospital Cyberjaya, Hospital Putrajaya, Hospital Sultan Idris Shah Serdang, and the National Cancer Institute (IKN). Why the controversy? Criticism primarily centres on the argument that Rakan KKM amounts to a 'backdoor privatisation' of healthcare facilities and services funded by taxpayer money. Critics argue this will create a two-tiered system, allowing those with money to 'skip the line' for access to public healthcare services and bypass the long waiting lists that currently plague government hospitals under severe cost and manpower strains. They have also homed in on the salaries offered by Rakan KKM, with many top posts advertised with five-figure pay. Detractors have used this to question the MOH's stated inability to absorb thousands of contract health workers into permanent positions. Rakan KKM has so far received an allocation of RM25 million under Budget 2025, with a second phase of funding expected to come from government-linked investment companies (GLICs). The ministry's defence: Public interest, not profit Responding to the backlash, Dzulkefly has stressed that Rakan KKM's conception is underpinned by public interest. He rejected claims of privatisation by highlighting that Rakan KKM Sdn Bhd will remain fully owned by the Ministry of Finance Incorporated, which would keep the entity aligned with government objectives. 'When a GLIC investor comes in, the GLIC may take an equity stake in Rakan KKM Sdn Bhd. Ownership of Rakan KKM remains with the government, directly or through GLICs, throughout its operations,' the minister said on the social media platform X on Sunday. He then urged the public to look at the programme's key objectives, which he outlined as: Making healthcare more affordable than fully private options. Using any profits to cross-subsidise regular public healthcare services. Providing better income opportunities for specialists to retain them in the public service. Dzulkefly argues that these goals demonstrate that Rakan KKM is rooted in public service, not profit maximisation. Recommended read:Dzulkefly explains government ownership of 'premium economy' Rakan KKM scheme amid privatisation fears
