{
  "id": 13928635,
  "title": "Opposition leader criticises GLC involvement in non-core projects in Budget 2027",
  "url": "https://urgent.news/2026/10/12/opposition-leader-criticises-glc-involvement-in-non-core-projects-in",
  "topic": "world",
  "section": "World",
  "published": "2026-10-12T10:12:29.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/malaysia/2026/10/12/opposition-leader-criticises-glc-involvement-in-non-core-projects-in-budget-2027/238843"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR, Oct 12 — Opposition Leader Datuk Seri Hamzah Zainudin has slammed the involvement of government-linked corporations (GLCs) in non-core projects within the Budget 2027. During the debate, he pointed out a project to construct a hostel for students, which he claimed would be funded by the Retirement Fund Incorporated (KWAP). Hamzah argued that this practice extended to other companies such as Petronas and Tenaga Nasional Bhd, questioning their adherence to their fundamental purposes. For instance, he asked why KWAP, which is meant to preserve and grow capital for future pensions, is funding student hostels, questioning the financial returns. The Prime Minister, Datuk Seri Anwar Ibrahim, had presented a budget of RM459 billion for 2027 earlier that day, including a RM50 billion contribution from GLCs and state enterprises. Hamzah criticized this move, urging GLCs to focus on their core mandates to avoid losing their purpose.",
  "summary": "KUALA LUMPUR, Oct 12 — Opposition Leader Datuk Seri Hamzah Zainudin today alleged that government-linked corporati...",
  "key_points": [
    "Opposition Leader Hamzah Zainudin criticizes GLCs' involvement in non-core projects in Budget 2027.",
    "Hostel construction for students funded by Retirement Fund Incorporated (KWAP) questioned by Hamzah.",
    "GLCs' focus on core mandates urged to avoid losing purpose, as criticized by Hamzah."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Malay Mail",
        "title": "Opposition leader criticises GLC involvement in non-core projects in Budget 2027",
        "url": "https://urgent.news/2026/10/12/opposition-leader-criticises-glc-involvement-in-non-core-projects-in-13933719",
        "published": "2026-10-12T10:12:29.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}