GOVERNMENT-linked investment companies (GLIC) are advised to make direct domestic investments (DDI) of around RM120 billion over a five-year period to stimulate the country's economic growth, said Prime Minister Datuk Seri Anwar Ibrahim.
Anwar, who is also the Minister of Finance, said that the emphasis and key performance indicators (KPIs) for the government are not solely on profit but on an approach called "GEAR-uP."
"'GEAR-uP' involves six GLICs and the entire strength of GLICs investing around RM120 billion over five years (RM25 billion for this year) which will generate economic growth in addition to the approved budget."
"This is the highest development budget compared to previous years," he said during the question-and-answer session in the Senate today as reported by Bernama.
He was responding to a question from Senator Datuk Mustafa Musa's regarding the current focus of GLC and GLIC KPIs to ensure that dividend contributions can strengthen the government's revenue forecast for 2025. - March 20, 2025
