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What is a government-linked company?

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βˆ™ 2006-09-05 13:57:12

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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.

2006-09-05 13:57:12
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