Bailout babies
The Malaysian government decided to help:-
1) purchase United Engineers Malaysia (UEM) for RM3.8 billion has left many confused about the intentions involved. Prime Minister Mahathir Mohamed said the move was in the public's interest, but UEM coincidentally happens to be a component of another GLC, namely Renong, which is also severely debt-ridden. The chief concern is that the government is purchasing UEM as a bailout.
2) Perwaja Terengganu
3) Perwaja Steel
4) Proton
5)Bank Bumiputra
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