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This appears to be a term that is related to Asian businesses, particularly those in Singapore. According to the Singapore Department of Statistics, Government-Linked Companies or GLCs are companies in which some of the shares are owned by the goverment. Most of these companies were established in the 1960s and 1970s, to specifically boost Singapore's economic develoment in certain sectors. In the 1980s and 1990s, GLCs were formed mainly from the corporatization of former government departments and bodies.

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17y ago
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1mo ago

A government-linked company is a business entity that is either directly owned or indirectly influenced by the government. These companies often receive support or funding from the government and may have certain strategic objectives aligned with government policies. Examples include state-owned enterprises or companies with close ties to government officials.

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