Sabah receives RM100mil in dividends from GLCs in 2020

KOTA KINABALU: Sabah received a total of RM100mil in dividends this year, which is almost 68% more than the amount paid in 2019.

This amount is from a total of 14 government-linked companies (GLCs) and statutory bodies in the state.

Chief Minister Datuk Seri Hajiji Noor (pic) said during the dividend presentation ceremony on Tuesday (Dec 29) that apart from this, eight other statutory bodies and GLCs also paid up loans totalling RM22mil to the state government.

In congratulating the GLCs and statutory bodies, he said the state government was implementing a new approach to assess its annual performance through its ability to contribute to Sabah’s revenue.

He said under the new administration, a series of negotiations has been carried out to ensure the responsibility in paying dividends and loans are the priority of each statutory body and GLC.

“Statutory bodies and GLCs played a vital role in the growth and socio-economic development of the people as well as assisting in the implementation of government policies and programmes in accordance with good corporate governance practices, ” Hajiji said.

The state government, he said, will continue its commitment in assisting and improving the capabilities as well as the competitiveness of statutory bodies and GLCs to achieve the objective of its establishment.

The Finance Minister urged statutory bodies and GLCs to continue taking measures to reduce dependency on the state government and contribute to state revenue.

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Sabah , Dividends , GLCs , Hajiji Noor


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