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Economist urges reforms to bring GLC spending out of the shadows

An economist today called for reform on government-linked companies (GLCs) and foundations in the country, saying they both deal with a huge amount of money and are widely abused by politicians for their personal interests.

Speaking in an online forum, Terence Gomez (above) described GLCs and foundations as two worlds that "exist in the shadow" where money gets channelled to politicians without them being held accountable.

Recent criminal trials against certain politicians have revealed...

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