Chief Minister Datuk Seri Hajiji Haji Noor warned government department and agency heads of action if they are found to contribute to the delay in the implementation of development projects meant for the rakyat
Published on: Sunday, July 25, 2021
By: Datuk John Lo
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TAN Sri Harris, during his CM tenure, had a big vision for Sabah. Among the many development vehicles that he had formed, the most important were Sabah Bank and Sabah Development Bank.
How he managed to get approvals for these two financial institutions from the Federal Government was miraculous as no other state up to day have succeeded to get even 1 financial institution in the name of their states!
His objective for these two financial institutions, together with Sabah Credit Corporation and Borneo Housing was to finance and accelerate Sabah’s economic development. Sabah Bank, sadly is now history, having been absorbed into Singapore’s Alliance Bank.
Published on: Sunday, May 16, 2021
By: Datuk John Lo
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THANKS for the many calls, messages and suggestions on my article on Sabah’s GLCs 11 April 2021. Many expressed grave concerns on the dire circumstances of some GLCs and their overall negative impacts on Sabah’s economy.
Some gave very useful suggestions and recommendations. Common desire, as it should be, is that current GLC situation must not, should not be allowed to continue.
There must be a thorough review and transformation. To encourage further discourse on the GLCs, here are some of my further comments.
Causes of Most GLCs’ Failure.
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