Politics

Hajiji urges GLCs to step up efforts to meet RM1 million dividend target

KOTA KINABALU, May 26 (Bernama) — Sabah Chief Minister Datuk Seri Hajiji Noor needs all government-linked corporations (GLCs) to step up efforts to fulfill the goal of paying at least RM1 million dividend to the state authorities starting this 12 months.

He stated there are greater than 200 state GLCs and statutory our bodies in Sabah however solely a little greater than 10 have been paying dividends to the State Government.

“There are those that haven’t paid. So, throughout my tenure as chief minister, I’m making it some extent that each one of them should pay not less than RM1 million yearly.

“I want all GLCs to fulfil their duty to pay good dividends to be used for the benefit of the state and the rakyat. Those entrusted to lead and manage GLCs must perform,” he stated in a press release after chairing Sabah Softwoods Bhd’s board assembly at Menara Kinabalu right here as we speak.

He stated final 12 months, the state authorities acquired a complete of RM114 million dividends payout from GLCs and statutory our bodies which represented a 12.9 per cent enhance in comparison with 2020.

“Our decisive actions will decide the trail to success and it’s the management’s function to chart this course.

“The state government is confident that with a purpose and target in place, we need to explore new revenue sources including investment initiatives and various economic activities,” he stated.

Meanwhile, the chief minister stated crude palm oil (CPO) producers corresponding to Sabah should brace themselves to deal with any opposed state of affairs with the very unstable international financial state of affairs introduced on by the Russia-Ukraine battle.

He stated market analysts had predicted Malaysian planters to be the most important winners in the long term as they can promote their CPO at excessive costs, which ought to translate into the next revenue margin within the second quarter of 2022.

“The current good CPO price works to our advantage and will be a boon. However, we must not be complacent when the price is good,” he stated.

He added that there’s a should be conscious of and prudently handle the rising value of supplies, transport, gas, labour and different consequential costs of products and companies.

Earlier, he welcomed Mohd Daud Tampokong on board as Sabah Softwoods’ new chief govt officer.

— BERNAMA

 

 



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