Just as a businessman without any political experience should not manage a country, full time politicians and their families should not be involved in business. These GLC’s are controlled via the Singapore government’s two sovereign wealth funds, GIC and Temasek Holdings. It has grown to become the largest fund management company in Malaysia with asset under management of approximately RM260bil. The chairman of GIC is Prime Minister Lee Hsein Loong whereas the CEO of Temasek Holdings is Ho Ching, wife of Prime Minister Lee. Entrepreneurs and genuine business people are squeezed into economic niches by government and politicians going into business.

Source: The Star February 03, 2017 23:37 UTC