Saturday, October 5, 2019

PLUS is already owned by the public

I have read on the news on PLUS where the government prefers it to be acquired by the public. As it is, PLUS is already owned by the public. PLUS is owned 51% by Khazanah, 100% MOF company, and 49% EPF. We know already whose money is EPF.

Why restructure the ownership when it is perfectly fine with the ownership. The reason why potentially some government is looking at private sector is because of efficiency. I do not think PLUS is efficiently run - although this comment is up to argument.

If everything is preferably public sector to manage, then the country is getting closer to being leaning to socialism. As it is, we have been facing assets where it is too much owned by the government - and I thought the last promise in election was to reduce that.

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