Expose the Financial cost and opportunity cost of non-performing and under-performing GLCs. The usual mild and genteel Hajiji could not hide his disappointment. Painfully, the GLCs have under delivered below par dividends by 8.8% YOY.
Exceptional performers were Innoprise which produced a record of RM147 million and new comer, SMJ with a maiden ang pau dividend of RM50m for Hajiji.
Kota Kinabalu: There are more loss-making government-linked companies (GLCs) in Sabah than profitable ones, said State Finance Minister Datuk Seri Masidi Manjun.
Govt Considering Closing Non-Performing Glcs – Masidi | Brunei's No.1 News Website brudirect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brudirect.com Daily Mail and Mail on Sunday newspapers.
Kota Kinabalu: There are more loss-making government-linked companies (GLCs) in Sabah than profitable ones, said State Finance Minister Datuk Seri Masidi Manjun.
KOTA KINABALU (Nov 9): The state government is considering shutting down non-performing government linked companies (GLCs).
Giving the warning on Thursday, Finance Minister Datuk Seri Panglima Masidi Manjun reminded GLCs to not just run well but also to make money and pay dividends to the governm