Kota Kinabalu: There are more loss-making government-linked companies (GLCs) in Sabah than profitable ones, said State Finance Minister Datuk Seri Masidi Manjun.
Masidi reminded the GLCs that the State Government is not a charitable organisation that can continue to fund them when they are not making money.
“I hope GLCs are reminded that they are not the extension of a government department or created merely to provide employment,” he said after launching Sabah’s first financial superapp Yono, at the Sabah International Convention Centre (SICC), here, Thursday.
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