GLCs TO PLAY KEY ROLE IN MALAYSIA'S ECONOMIC GROWTH

IPOH (Malaysia), Sept 22 (Bernama) -- The government-linked companies (GLCs)
are expected to play a prominent role in the development of the economy by
venturing into new fields which have good potentials.

"We want the GLCs to play a role in helping build a high income-based new
economic model," Second Finance Minister, Ahmad Husni Hanadzlah, told
reporters at his Hari Raya Aidilfitri open house in Sungai Rokam, here Monday.

Ahmad Husni said the 2010 Budget aimed to spur and change the economy to one
that was high income-based.

"The aim is achievable via efforts to create a positive environment for
local and foreign investments," he said.

He said the Budget would focus on economic development of all sectors to
boost the well-being of the people.

Ahmad Husni said incentives would be offered to attract local investments to
make up for the expected decline in foreign investments next year.

He said cost-saving steps would also be taken through a cut in operating
expenditure such as in purchase of equipment and organising overseas missions,
except for investment and tourism.

"This is because the country's earnings next year are expected to be lower
compare to this year's," he said.

-- BERNAMA