KUCHING, June 25 — The state government will no longer be providing annual capital contributions to government-linked companies (GLCs), starting with Borneo Development Authority...
Sarawak Premier Tan Sri Abang Johari Openg visits the booths set up in conjunction with the national auditors’ conference in Kuching June 25, 2024. — Picture by Sulok TawieKUCHING, June 25 — The state government will no longer be providing annual capital contributions to government-linked companies , starting with Borneo Development Authority and Sarawak Economic Development Corporation by 2027, said Premier Tan Sri Abang Johari Openg today.
Asked to elaborate on his opening speech, he said as a start, the state government chose BDA and SEDC before stopping providing capital contributions to other state GLCs.Abang Johari said both these two GLCs have the potential to generate their own revenue. He said the state government will save funds that can be channelled to other areas, such as road infrastructure and water and electricity supplies and repair works for dilapidated clinics and schools.
Sarawak Economic Development Corporation SEDC Abang Johari Tun Openg
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