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F.A.Q

🏢 F.A.Q.

Privatization

The privatization policy was first announced as a state policy by the Malaysian Government in 1983.


It symbolizes a new approach in national development policy and it complements other national policies such as the Privatization of Malaysia, which is developed to emphasize the increased role of the private sectors in the Malaysia's economic development.

The Privatisation Policy was launched in 1983 as an effort towards strengthening the role of the private sector in national economic development. The main objectives of this policy are to increase economic growth, efficiency and productivity, to reduce the size of the public sector and decrease its role in the economy as well as to meet the restructuring objective of the National Development Policy by encouraging Bumiputera involvement in the industrial and commercial sectors.

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