KOTA KINABALU: Sabah statutory bodies and government-linked companies (GLCs) paid a total of RM138.7 million in dividends and contributions to the sta...
: Sabah statutory bodies and government-linked companies paid a total of RM138.7 million in dividends and contributions to the state government as of October this year, according to Chief Minister Datuk Seri Hajiji Noor“It is a little bit disappointing.
Among those paying dividends to the state government was SMJ Sdn Bhd , the “youngest” state GLC, with an amount of RM50 million. Other agencies include Sabah Credit Corporation , KKIP Sdn Bhd , Sabah Energy Corporation Sdn Bhd , Innoprise Corporation Sdn Bhd , Desa Plus Sdn Bhd . Hajiji said all statutory bodies and GLCs board of directors must exercise good corporate governance from the perspective of administration and evaluation to ensure that the company and statutory bodies’ security is assured.
He singled out Sawit Kinabalu as the benchmark for all GLCs and statutory bodies to emulate, having shown strong resilience and competitiveness in the industry despite facing uncertain palm oil commodity prices. -
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