DFIs and GLCs are just cruising, not taking enough risk

This article first appeared in The Edge Malaysia Weekly on November 27, 2023 – December 3, 2023

MANY of the country’s development financial institutions (DFIs) and government-linked companies (GLCs) have become too risk averse and are just “cruising”, says Tan Sri Nazir Razak.

“One concern I have of GLCs and DFIs today is that [they] are no longer taking risks. There’s a lot of…