The government's decision to allocate 5G spectrums through a state-owned special purpose vehicle (SPV) is worrying, considering the recent track record of government-led ventures, Parti Pejuang Tanahair economic bureau chief Armin Baniaz Pahamin said.

"Over the years, we have seen the government spending billions of taxpayers’ money to cover the bailout of many government-linked companies owing to gross inefficiencies and failed leadership.

"Recent history has shown how a government-owned entity like 1MDB was...