Examples of using Glcs in English and their translations into Malay
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Colloquial
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Ecclesiastic
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Computer
Government Link Companies(GLCs).
GLCs are political creatures, not economic instruments.
Astro CEO's resignation nothing to do with GLCs.
For a start, GLCs will establish 10 not-for-profit private schools.
The second keytask is reforming government-linked corporations(GLCs).
No matter how inefficient GLCs are, they can always count on government bailouts.
GLCs have also been undermining economic dynamism by buying up their more efficient private competitors.
There is a imbalance in the role of GLIC and GLCs between the achievement of economic growth and its benefit sharing.
GLCs are defined as companies that have a primary commercial objective and in which the Malaysian government has a direct controlling stake.
This is supported by the findings of the study that tendency for non-GLC companies to reduceinvestment in a sector if the market is monopolized by the GLCs.
Competition between GLCs and private firms is intrinsically unfair and harmful for overall growth.
It also provides a list of outstanding government loans, a listof government investments and a list of government guaranteed loans by GLCs and government owned companies.
Compared to the role of GLICs and GLCs in the market, their contribution to the distribution of economic wealth is still low and requires revaluation.
Solomon praised the government in addressing the issue of women who have beensidelined throughout the years by increasing their participation in the boards of GLCs, GLIC and statutory bodies to 30%.
When questioned about concerns that GLCs are crowding out the private sector, Mahathir said that would not happen as long as GLCs stick to their core businesses.
Zulhaimi brings with him over 20 years of experience covering a multitude of sectors including corporate services, HR, ICT, risk management, governance,business planning and internal audit in various GLCs.
Provide 2,000 training opportunities and job placements in GLCs, particularly in the services sector, such as outsourcing, aviation, utilities, health and creative multimedia;
GLCs employ around 5 per cent of the national workforce and account for approximately 36 per cent and 54 per cent, respectively, of the market capitalisation of Bursa Malaysia and the benchmark Kuala Lumpur Composite Index.
Fourth: Provide 2,000 training opportunities and job placements in GLCs, particularly in the services sector, such as outsourcing, aviation, utilities, health and creative multimedia;
MDB which amassed unsustainable debts of up to RM 42 billion in 2014 or 2.5% of Malaysia's GDP according to Moody'sis a stark example on the adverse impacts that GLCs may have on the economy when not regulated correctly.
As an example, the government could request these GLCs to pioneer childcare provision and implement a higher than minimum wage for its lowest level of employees.
In a move to ensure opportunities for Bumiputra companies to obtain contracts and in preparation to compete in the future, thecarve out policy would be expanded to other big projects under the ministry, GLCs and GLICs.
Overall, he said, GLCs and Khazanah Nasional accounted for about RM114 billion in government funds, and since this was a huge figure it was only right that a cabinet committee be formed to monitor their progress.
The government could help in terms of credit, training and the provision of markets through vendor programs implemented by the GLCs(another reason for keeping GLCs under government control) and government agencies including the ministries.
The source related that the GLCs and their directors were stunned with disbelief at Nazri's reasoning that an out-of-court settlement was the best solution to save the federal government billions of ringgit in legal claims.
Under the Bumiputera economic agenda, he said Malaysia established the Bumiputera Agenda Steering Unit(Teraju), which organised some form of competition for local entrepreneurs,and the selected products would be linked up with the GLCs to gain access to the market.
It also acts as a platform for thelocal SMEs to learn from participating MNCs, GLCs and LSIs on what it takes to be their suppliers, explore potential outsourcing opportunities and venture into the global market supply chain.
A controlling stake(it is not just percentage ownership) refers to the government's ability to appoint BOD members,senior management and make major decisions for GLCs either directly or through GLICs(e.g. contract awards, strategy, restructuring and financing, acquisitions and divestments etc.).
We also drive shareholder value creation, heighten efficiency gains, and enhance corporate governance in companies controlled by the Government,commonly known as Government-linked Companies or GLCs, in our capacity as the Secretariat to the Putrajaya Committee on Government-Linked Companies High Performance.