A prominent economist has proposed setting up of a ministry in charge of all government-linked corporations (GLC) and government-linked investment corporations (GLIC) as part of revamps in policies for the local business sector.

Political economics professor Edmund Terence Gomez said there is currently a lack of coordination among such institutions and noted how it has resulted in their poor performances.

"We had this before. The Ministry of Public Enterprises. Some people say we should not have it, but I disagree."