Malaysia is among the first few developing countries that launched a large scale programme of privatisation of public enterprises. Malaysia's experience of formulating and implementing the privatisation programme is generally hailed as a success story. An attempt has been made in this paper to examine success story. An attempt has been made in this paper to examine various aspects of Malaysia's privatisation programme, such as the objectives of privatisation policy, methods of privatisation, issues in implementation of privatisation programme and the impact of privatisation programme on the Malaysian economy.