KUALA LUMPUR, July 14 -- Health advisory firm Rakan KKM is fully government-owned and not a step towards healthcare privatisation, says Health Minister Datuk Seri Dzulkefly Ahmad.

In a post on X, Dzulkefly said Rakan KKM Sdn Bhd is currently wholly-owned by the Minister of Finance Incorporated (MOF Inc).

He said that when government-linked investment companies (GLICs) come in later, the entity would remain under government control.

He further argued that his ministry would also retain control of Rakan KKM through its regulatory role.

"The Ministry of Health is the 'kementerian kawal selia' (overseeing ministry), responsible for critical decisions over the management of the company," he said.

He added that the RM25 million seed fundin...