Privatisation in Malaysia
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Selling What Belongs to the Nation
The government said it wanted to exit the market, yet it became more powerful when deciding who could enter it
In 1987, Lim Kit Siang went to court, attempting to stop the North-South Expressway concession from being awarded to UEM, which had vested interests with UMNO. This lawsuit uncovered the hardest question to answer in privatization: assets can be handed over to the private sector, but to whom is the power to decide the winner given?