In 2017, IDEAS with Professor Edmund Terence Gomez and his team at University Malaya published a book “Minister of Finance Incorporated: Ownership and Control of Corporate Malaysia.” The book explored Malaysia’s new political economy, unwrapping decades of political involvement in Malaysia’s corporate sector, focusing on the omnipresent control of Government-Linked Investment Companies (GLICs) through the Minister of Finance Incorporated.

This report, the “Malaysia GLC Monitor 2018”, the first of its kind by IDEAS, exposes more groundbreaking details of government’s intervention in the economy. This study investigates how government-linked companies (GLCs), including publicly-listed firms, owned and controlled by a variety of public institutions operate in the Malaysian economy. This study also provide insights into how GLCs controlled by the federal ministries and state governments function in the economy.