Minister of Finance Incorporated

Ownership and Control of Corporate Malaysia

Authors: Gomez, E.T., Padmanabhan, T., Kamaruddin, N., Bhalla, S., Fisal, F.

  • Traces how government-business ties have evolved in Malaysia, with much power currently centered in the office of the Minister of Finance
  • Analyses a type of institution that has long prevailed in the Malaysian corporate scene; government-linked investment companies (GLICs)
  • Focuses on how the current government regime has consolidated control over Malaysia’s corporate sector through one major, but relatively unknown government enterprise, the Minister of Finance Incorporated (MoF Inc.)
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eBook 67,82 €
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  • ISBN 978-981-10-4897-5
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  • Immediate eBook download after purchase
Hardcover 85,59 €
price for Germany (gross)
  • ISBN 978-981-10-4896-8
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  • Usually dispatched within 3 to 5 business days.
About this book

This is a study of Malaysia’s new political economy, with a focus on ownership and control of the corporate sector. It offers a pioneering assessment of government-linked investment companies (GLICs), a type of state-owned institution that has long prevailed in the corporate sector but has not been analysed. Malaysia’s history of government-business ties is unique, while the nature of the nexuses between the state and the corporate sector has undergone major transitions. Corporate power has shifted from the hands of foreign firms to the state to the ruling party, and well-connected businessmen, and back to the state. Corporate wealth is now heavily situated in the leading publicly-listed government-linked companies (GLCs), controlled through block shareholdings by a mere seven GLICs under the jurisdiction of the Minister of Finance. To indicate why these GLICs are important actors in Corporate Malaysia, this study provides a deep assessment of their ownership and control of Bursa Malaysia’s top 100 publicly-listed enterprises. 

About the authors

Edmund Terence Gomez is Professor of Political Economy at the Faculty of Economics & Administration, University of Malaya. He has held appointments at the University of Leeds (UK) and Murdoch University (Australia) and served as Visiting Professor at Kobe University, Japan and at the Universities of Michigan (Ann Arbor) and California (San Diego) (USA). Between 2005 and 2008, he served as Research Coordinator at the United Nations Research Institute for Social Development (UNRISD), in Geneva, Switzerland.

Thirshalar Padmanabhan is currently pursuing a Masters of Development Studies degree at the University of Malaya.

Norfaryanti Kamaruddin is a research officer with the Institute of Tropical Forestry and Forest Products (INTROP), Universiti Putra Malaysia.

Sunil Bhalla obtained his post-graduate degrees from Universiti Putra Malaysia and the University of Malaya.

Fikri Fisal is currently pursuing a Masters of Development Studies degree at the University of Malaya.


Table of contents (5 chapters)

  • Introduction

    Gomez, Edmund Terence (et al.)

    Pages 1-17

    Preview Buy Chapter 29,69 €
  • History of GLICs

    Gomez, Edmund Terence (et al.)

    Pages 19-93

    Preview Buy Chapter 29,69 €
  • GLICs and Corporate Ownership

    Gomez, Edmund Terence (et al.)

    Pages 95-148

    Preview Buy Chapter 29,69 €
  • GLIC Control

    Gomez, Edmund Terence (et al.)

    Pages 149-215

    Preview Buy Chapter 29,69 €
  • Conclusion: The Implications

    Gomez, Edmund Terence (et al.)

    Pages 217-234

    Preview Buy Chapter 29,69 €

Buy this book

eBook 67,82 €
price for Germany (gross)
  • ISBN 978-981-10-4897-5
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 85,59 €
price for Germany (gross)
  • ISBN 978-981-10-4896-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Minister of Finance Incorporated
Book Subtitle
Ownership and Control of Corporate Malaysia
Authors
Copyright
2018
Publisher
Palgrave Macmillan
Copyright Holder
Institute for Democracy and Economic Affairs (IDEAS)
eBook ISBN
978-981-10-4897-5
DOI
10.1007/978-981-10-4897-5
Hardcover ISBN
978-981-10-4896-8
Edition Number
1
Number of Pages
XXIX, 256
Number of Illustrations and Tables
28 b/w illustrations, 32 illustrations in colour
Topics