KOTA KINABALU: Chief Minister Datuk Seri Panglima Haji Hajiji Haji Noor wants all Government-linked companies (GLCs) to step up efforts to meet the target of paying at least RM1 million dividend to the State Government beginning this year.
\nHe said there are more than 200 state GLCs and statutory bodies in Sabah but only a little more than 10 have been paying dividends to the State Government.
\n\u201cThere are those who have not paid. So, during my tenure as Chief Minister, I am making it a point that all of them must pay at least RM1 million every year.
\n\u201cI want all GLCs to fulfill 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.\u201d he said when chairing Sabah Softwoods Berhad\u2019s Board meeting at Menara Kinabalu near here today
\nLast year, the State Government received a total RM114 million dividends payout from GLCsandstatutorybodieswhichrepresenteda 12.9percentincreasecomparedto2020.
\n\u201cOur decisive actions will determine the path to success and it is the leadership\u2019s role 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.\u201d he added.
\nMeanwhile, the Chief Minister said the crude palm oil (CPO) producers such as Sabah must brace themselves to address any adverse situation with the very volatile global economic situation brought on by the Russia-Ukraine conflict.
\nHe said market analysts have predicted Malaysian planters to be the largest winners in the long run, as they are able to sell their CPO at high prices, which should translate into a higher profit margin in the second quarter of 2022.
\n\u201cThe current good CPO price works to our advantage and will be a boon. However, we must not be complacent when the price is good.
\n\u201cThere is a need to be mindful of, and to prudently manage the rising cost of materials, transport, fuel, labour and other consequential prices of goods and services,\u201d he said.
\nHajiji was also pleased to note that actions were picking up to re-stimulate Sabah\u2019s economic growth during the transition to the endemic phase of the Covid-19 pandemic.
\n\u201cWe are pushing harder to ensure there are no hurdles to curtail our Halatuju Sabah Maju development plan,\u201d he said.
\nEarlier, he welcomed Mohd Daud Tampokong on board as Sabah Softwoods Berhad new Chief Executive Officer.<\/p>\n","protected":false},"excerpt":{"rendered":"
KOTA KINABALU: Chief Minister Datuk Seri Panglima Haji Hajiji Haji Noor wants all Government-linked companies (GLCs) to step up efforts to meet the target of paying at least RM1 million dividend to the State Government beginning this year. He said there are more than 200 state GLCs and statutory bodies in Sabah but only a […]<\/p>\n","protected":false},"author":9,"featured_media":11353,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[28],"tags":[],"class_list":{"0":"post-12614","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-news"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/posts\/12614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/comments?post=12614"}],"version-history":[{"count":1,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/posts\/12614\/revisions"}],"predecessor-version":[{"id":12615,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/posts\/12614\/revisions\/12615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/media\/11353"}],"wp:attachment":[{"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/media?parent=12614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/categories?post=12614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jesseltontimes.com\/wpmarch2025\/wp-json\/wp\/v2\/tags?post=12614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}