More loss-making government-linked companies in Sabah than profitable ones, says State Finance Minister

Kota Kinabalu: There are more loss-making government-linked companies in Sabah than profitable ones, said State Finance Minister Datuk Seri Masidi Manjun.

“If you have that in mind, you will know when to stop. If they do not want to lose their jobs, they must perform well.“We are not running a charitable organisation. In fact, you are supposed to make money to pay for your salaries.However, he explained that he is not saying the Government is eager to penalise those who failed, “but those who failed should try.”

Masidi said among the key elements to ensure a GLC is run well are good financial management, good corporate governance, accountability and a good business plan, which includes avoiding competition with other GLCs.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

‘We are a govt, not a charitable organisation’, Sabah finance minister warns non-performing state GLCsKOTA KINABALU, Nov 9 — The Sabah government’s patience is wearing thin towards the more than 90 per cent of its 200-over government-linked companies (GLCs) as state Finance...
Fonte: malaymail - 🏆 1. / 86 Consulte Mais informação »

Sabah Finance Minister lashes out at loss-making state GLCsKUALA LUMPUR: The four Bersatu Members of Parliament(MP) who pledged support for Prime Minister Datuk Seri Anwar Ibrahim will remain as Perikatan Nasional lawmakers for now despite requesting a seating change in the Dewan Rakyat.
Fonte: staronline - 🏆 4. / 75 Consulte Mais informação »

Sabah accidents affect national tourism industry, says ministerKOTA KINABALU, Nov 9 — Federal Minister of Tourism, Arts and Culture (Motac) Datuk Seri Tiong King Sing has urged the relevant authorities in Sabah to strengthen their safety...
Fonte: malaymail - 🏆 1. / 86 Consulte Mais informação »