GLC-driven initiatives will boost recovery, say experts

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Laptop computers are to be provided by government-linked companies to pupils in 500 schools. (Bernama pic)PETALING JAYA: Economists have welcomed budget initiatives involving government-linked companies (GLCs), saying it is important for these companies to help bolster Putrajaya’s efforts to revive the economy.These initiatives can help ease unemployment and boost small businesses, say economists Madeline Berma, a fellow of the Academy of Sciences, and Yeah Kim Leng of Sunway University Business School.These initiatives include MySTEP, a short-term employment project under which GLCs will provide 15,000 contract jobs, and the RM300 million Jana Niaga platform to help finance small and medium enterprises.There is also the RM150 million contribution from GLCs for the provision of laptops to students in 500 schools and the expansion of the My30 travel pass and a new RM5 unlimited…