A-G gives thumbs down to loss-making state-owned company

KUCHING: Sarawak Planted Forest Sdn Bhd (SPF) has been suffering losses since 2009 to the tune of a whopping RM70.70mil by 2011.

It was found that SPF, a company wholly owned by the state government to supply quality pulp wood to Acacia Cellulose International Sdn Bhd (Acacell) for its pulp factory, had not been generating any revenue since beginning operations in 2008.