Opposition leader criticises GLC involvement in non-core projects in Budget 2027

Opposition Leader Datuk Seri Hamzah Zainudin criticized the Malaysian government's strategy of involving government-linked corporations (GLCs) like the Retirement Fund Incorporated (KWAP) in projects beyond their core mandates.

During a debate on Budget 2027, he questioned why entities such as KWAP, intended to manage pension funds, were being tasked with ventures like building student hostels, highlighting concerns over potential mission drift and financial inefficiencies.

He emphasized the need for GLCs to adhere to their primary functions to prevent losing focus.

KUALA LUMPUR, Oct 12 — Opposition Leader Datuk Seri Hamzah Zainudin today alleged that government-linked corporations (GLCs) were being made to operate beyond their core mandates.

While debating Budget 2027, he cited a project to build a hostel for students that he said would be funded by the Retirement Fund Incorporated (KWAP), alleging this practice extended to others such as Petronas, Tenaga Nasional Bhd, and more.

"Too many of them have been used...for example, KWAP's fundamental purpose is to preserve and grow that capital so it can cover future pensions for retirees or those eligible to receive them,” he said during today’s debate.

"So why is the government asking KWAP to go and build student hostels? Where are the financial returns? I am truly bewildered at times."

Prime Minister Datuk Seri Anwar Ibrahim tabled a record RM459 billion federal spending plan for 2027 last Friday, in which he also outlined a RM50 billion from government-linked investment companies, state enterprises and statutory bodies.

Hamzah criticised this today, saying the GLCs should not be involved with industries beyond their own to prevent a loss of focus.

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反对党领袖拿督斯里韩沙再努丁批评马来西亚政府的策略，即让退休基金公司（KWAP）等政府关联公司参与超出其核心职责范围的项目。

在 2027 年预算案辩论期间，他质疑为什么像 KWAP 这样旨在管理养老基金的机构要承担建造学生宿舍等项目，并强调了对潜在的使命偏离和财务效率低下的担忧。

他强调，GLC 需要坚持其主要职能，以防止失去重点。

吉隆坡，10月12日讯——反对党领袖拿督斯里韩沙再努丁今日指控，政府关联公司（GLC）被迫超出其核心职责范围运作。

在辩论 2027 年预算案时，他提到了一个为学生建造宿舍的项目，他说该项目将由退休基金公司 (KWAP) 出资，并声称这种做法也延伸到了其他公司，如马来西亚国家石油公司 (Petronas)、国家能源公司 (Tenaga Nasional Bhd) 等。

“其中太多资金已被使用……例如，KWAP 的根本目的是为了保值增值，以便能够支付退休人员或有资格领取养老金的人的未来养老金，”他在今天的辩论中说道。

“那么，政府为什么要让KWAP去建造学生宿舍？经济效益在哪里？我有时真的感到困惑。”

上周五，首相拿督斯里安华·易卜拉欣提交了一份创纪录的 4590 亿令吉联邦支出计划（2027 年），其中还概述了来自政府关联投资公司、国有企业和法定机构的 500 亿令吉资金。

哈姆扎今天对此提出批评，称官联公司不应涉足自身行业以外的领域，以免分散精力。

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