A SUGGESTION ON HOW TO CALM MALAYSIA FLAILING GLCs AND A QUICK LOOK AT IT'S ECONOMIC JOURNEY AND WHERE TO NEXT:😍
The journey of malaysia's wealth creation probably begin with the formation of state owned enterprise(SOE) such as PKNS, PNSB, LLN, JABATAN TELEKOM and so on.
Thereafter tun m was encouraged by world bank to PRIVATISE such publ…
A SUGGESTION ON HOW TO CALM MALAYSIA FLAILING GLCs AND A QUICK LOOK AT IT'S ECONOMIC JOURNEY AND WHERE TO NEXT:😍
The journey of malaysia's wealth creation probably begin with the formation of state owned enterprise(SOE) such as PKNS, PNSB, LLN, JABATAN TELEKOM and so on.
Thereafter tun m was encouraged by world bank to PRIVATISE such public owned into
a private tnb,telekom,proton etc. Paklah rebranded with an idris jala transformation plan and renamed GLC.
D najib went one step further by coming up with public-private partnership(PPP) whereby government guarantees the payment to the bank and the contractors get to build whatever the projects malaysia needs.
This include MRT, PAN BORNEO highway and ETS train etc.
Given all the shortcomings of GLCs such as the 1MDB fiasco, the time has come for the government to make it less corrupt, more efficient and profitable.
How?
Let go it's golden share that gave it 51% voting rights and leave the business to a business advisory panel that knows the business best.
What next?
We need to look into monetising products and services via digital economy. We democratise the businesses where everyone has equal chance to create wealth. we also focus on small medium enterprise. Help them all the way and not find excuses not to.
Currently, SME account for only 40% of malaysian gdp. We must target this to 70% of gdp.
The SME sector contributed 40 per cent to country's growth domestic product (GDP) which is expected to be rgt2 trillion in 2023 and provided employment for over seven million people.
Imagine if we increase from 40% to 70% of gdp in SME, additional rgt 600bil gdp will push malaysia to top income earners.
How do we do this?
One of them is via digital economy. Its the most exciting wealth creation business model in many years to come. The concept will be similar to when we built the PLUS highway and monetise it when they pay toll to use the road.
The government will benefit from limitless use of these online commerce and services.
Another thing, giving facilities such as financing and skill upgrade training alone is not enough. The facilitator must be HONEST about helping SMEs and go all the way to make it a success. Dont give excuses.
So, lets reform GLC and build SMEs. Forget rafizi's menu rahmah.. 🤣🤣
A SUGGESTION ON HOW TO CALM MALAYSIA FLAILING GLCs AND A QUICK LOOK AT IT'S ECONOMIC JOURNEY AND WHERE TO NEXT:😍
The journey of malaysia's wealth creation probably begin with the formation of state owned enterprise(SOE) such as PKNS, PNSB, LLN, JABATAN TELEKOM and so on.
Thereafter tun m was encouraged by world bank to PRIVATISE such public owned into
a private tnb,telekom,proton etc. Paklah rebranded with an idris jala transformation plan and renamed GLC.
D najib went one step further by coming up with public-private partnership(PPP) whereby government guarantees the payment to the bank and the contractors get to build whatever the projects malaysia needs.
This include MRT, PAN BORNEO highway and ETS train etc.
Given all the shortcomings of GLCs such as the 1MDB fiasco, the time has come for the government to make it less corrupt, more efficient and profitable.
How?
Let go it's golden share that gave it 51% voting rights and leave the business to a business advisory panel that knows the business best.
What next?
We need to look into monetising products and services via digital economy. We democratise the businesses where everyone has equal chance to create wealth. we also focus on small medium enterprise. Help them all the way and not find excuses not to.
Currently, SME account for only 40% of malaysian gdp. We must target this to 70% of gdp.
The SME sector contributed 40 per cent to country's growth domestic product (GDP) which is expected to be rgt2 trillion in 2023 and provided employment for over seven million people.
Imagine if we increase from 40% to 70% of gdp in SME, additional rgt 600bil gdp will push malaysia to top income earners.
How do we do this?
One of them is via digital economy. Its the most exciting wealth creation business model in many years to come. The concept will be similar to when we built the PLUS highway and monetise it when they pay toll to use the road.
The government will benefit from limitless use of these online commerce and services.
Another thing, giving facilities such as financing and skill upgrade training alone is not enough. The facilitator must be HONEST about helping SMEs and go all the way to make it a success. Dont give excuses.
So, lets reform GLC and build SMEs. Forget rafizi's menu rahmah.. 🤣🤣