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.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

‘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...
แหล่ง: malaymail - 🏆 1. / 86 อ่านเพิ่มเติม »

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.
แหล่ง: staronline - 🏆 4. / 75 อ่านเพิ่มเติม »

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...
แหล่ง: malaymail - 🏆 1. / 86 อ่านเพิ่มเติม »