External oversight needed for GLC reforms
Emmanuel Samarathisa | 08 Nov 2019 00:30
When Tun Dr Mahathir Mohamad returned as prime minister, talk naturally turned to the pervasiveness of crony capitalism during his first stint as Malaysia’s leader (1981-2003).
Consequently, ever since his return to the country’s top political seat after the 14th general election (GE14), Mahathir’s coalition Pakatan Harapan (PH) had been working overtime to allay concerns of retrograded rule.
But more than a year has passed since PH formed the government. Some market observers still remain sceptical that the coalition has done enough to keep Mahathir in check. This is because as prime minister, Mahathir not only wields significant influence in politics but in business, too.
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