Malaysia has one of the most extensive networks of government-linked companies and investment companies in the region.
But how much do we actually understand about who controls this system – and where the power really lies?
Ibrahim Sani sits down with Dr Terence Gomez, an emeritus professor in political economy, to discuss Malaysia’s political economy, government-linked firms and investment companies, the Minister of Finance Incorporated, governance, institutional reform and the concentration of political and economic power.
The conversation goes beyond whether such government-linked firms are ‘good’ or ‘bad’. It asks a much bigger question: how do we reform a system that was created to solve social problems, but has grown into something far larger, more complex and more politically significant?
The show also explores civil society, checks and balances, coalition politics, institutional autonomy, the Malaysian Anti-Corruption Commission, Felda, Mara and Tabung Haji and explores whether Malaysia has waited too long to carry out meaningful reform.
At the heart of the discussion is one simple question: who really holds the power?
Producer: Ibrahim Sani | Production: Lebih Masa
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