TUARAN: State government-linked companies (GLCs) are required to pay dividends of at least RM1 million annually to the State Government beginning this year, said Chief Minister Datuk Seri Hajiji Noor.
Hajiji said that doing so it would help to boost the State’s coffers and bring more development to the people.
However, he said the State Government would not be depending on the GLCs alone to fill up the state’s coffers.
“We need investors to come in. Investors come in bringing money to do their project and this will create an immediate (positive) impact to the people,” he said, after a briefing at the Tamparuli sub-district secretariat, here, Sunday.
He said one of the features in the Sabah Maju Jaya (SMJ) Development Plan was creating an investor-friendly policy.
“Within one-year-and-half since the launching of the SMJ, we have attracted more than 10 companies to come to invest in Sabah.”
Through the SMJ, he said, Sabah was making strides in its economic build-up and this was evident when the state registered RM5.44 billion in revenue last year, the biggest ever in its history.
