Privatization Policy In Malaysia

Malaysia s privatization program was the brainchild of mahathir who launched it two years after his appointment as premier 1981. Privatization is a policy whereby the ownership of an entity or controlling right of an entity being transferred from government to private sector. Mahathir s catchcry that the government has no business to be in business represented a marked volte face in malaysian public policy.

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In the absence of adequate institutional processes well intentioned economic policies may not be implemented in the manner expected by theory.

Privatization policy in malaysia. Privatization is the transfer of public sector activity and ownership to private hands together with the modalities to set up such policies to achieve the designed goals. The privatisation initiative in malaysia was introduced at the correct juncture in the country s development. Forum on public policy privatization of higher education in malaysia g sivalingam professor school of business monash university malaysia abstract the study will trace the external factors influencing the liberalization deregulation and privatization of higher. The main agenda of the implementation of privatization is to restructure the economic activities for ethnics in malaysia and to increase the equity holding of bumiputera in economy.

The case of privatisation in malaysia is used as an example to illustrate why institutional processes must be put into place in order to achieve the full benefit of economic policies. In malaysia the term privatization is officially. Privatization policy and procedures malaysia data provider. It was a radical policy departure from his predecessors who implemented the affirmative action new economic policy in 1970 to redress the economic inequalities between the ethnic malays and the ethnic chinese.

Malaysia s privatization policy has brought about the total or partial divestiture of state ownership in the railways the national airline highways telecommunications and electricity generation. Prime minister dr mahathir mohamad today said the 36 year old national privatisation policy is still relevant in addressing problems related to the oversized civil service. Perpustakaan sultan abdul samad. The library of.

Historically privatization in malaysia is intended to achieve socio economic goal as stated in the eighth malaysia plan rmk8. Universiti pertanian malaysia was established in 1971 as a result of the merger between the college of agriculture malaya and the faculty of agriculture university of malaya. It involves transfer of not only ownership but also activities from government profit and non profit organisations.