Sabah GLCs to pay at least RM1mil dividend to state govt annually

Sabah GLCs to pay at least RM1mil dividend to state govt annually

Chief minister Hajiji Noor says this will help boost the state's coffers and bring more development to the people.

Hajiji Noor says Sabah needs more investors to come in to develop the state. (Bernama pic)
KOTA KINABALU:
Sabah government-linked companies (GLCs) are required to pay dividends of at least RM1 million annually to the state government beginning this year, says chief minister Hajiji Noor.

He said doing so would help boost the state’s coffers and help finance more development projects for the people.

“The state government would not depend on GLCs alone to fill the state’s coffers. We need more investors to come in.

“When investors come in bringing money for their projects, this will have an immediate positive impact on the people,” he said in a statement today.

Hajiji said one of the features in the Hala Tuju Sabah Maju Jaya (SMJ), or Sabah development blueprint, was to create an investor-friendly policy.

“Within one and a half years since the launch of SMJ, we have attracted more than 10 companies to invest in Sabah,” he added.

Through SMJ, he said Sabah was making strides in its economic progress and this was evident when the state registered RM5.44 billion in revenue last year, the biggest in its history.

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