A rigorous evaluation of the role GLCs play in supporting bumiputera economic development is needed, as part of the next phase of Malaysia’s development planning, says Institute for Democracy and Economic Affairs (Ideas).

In a paper called "GLCs and Shared Prosperity", published today, the research institute endorsed calls for a fresh look at the Shared Prosperity Vision 2030 (SPV2030) and the 12th Malaysia Plan.

Ideas said that the SPV2030 highlights a number of...