Second privatisation wave: Now that’s scary…
Is this going to be more of “privatisation of profits and socialisation of losses” – at the expense of the Malaysian public?
By Anil Netto
I was paying only casual attention while Najib droned on over the radio when tabling his Budget in Parliament yesterday.
But my ears pricked up when he mentioned a “second wave of privatisation”.
The Bernama headline says it all: ‘Companies Under MOF Inc And Other Viable Agencies To Be Privatise’ (sic).
Why only the viable agencies? Is this going to be more of “privatisation of profits and socialisation of losses” – at the expense of the Malaysian public?
The first thing that crossed my mind was: which cash cow is going to be handed over to which crony now? Don’t tell me they are going ahead with plans to privatise cash cow Plus Expressways Bhd, which is owned by Khazanah (24 per cent directly and 40 per cent indirectly).
