Privatisation of the public sector

In an effort to slim down our 'bloated' civil service, Prime Minister Tun Dr Mahathir Mohamad said the government was considering a move to privatise some areas of the public sector.

When asked about the Prime Minister's move, Professor Mahendhiran Nair, Vice President (Research and Development), Monash University Malaysia and CEO of Monash Malaysia R&D said: "The privatisation we are talking about is very different from 30 years ago. Today, markets are much more competitive, agile and dynamic. So privatisation needs to take into account a number of factors. Do we have the right leadership to lead privatisation? Will entities be able to take on some of the global players?"

To watch Professor Mahendhiran's full interview on Astro Awani, Channel 501, click below.