Second Finance Minister Johari Abdul Ghani said the management of GLCs or companies controlled by Minister of Finance Incorporated must ensure profits and job opportunities.

He said the ministry constantly monitors the performance of these companies.

“We ensure that all the management of government companies do their work. If it seems that any of them are not achieving the desired results, the government will not renew their contracts,” he was quoted as saying.

“If they fail to carry out their duties well, we will not renew their contracts,”  he said according to Berita Harian.

He said government companies must support Malaysia’s development and be catalysts for the economy.