KOTA KINABALU: The Sabah Government has launched a policy requiring State Statutory Bodies and Government-Linked Companies to prioritise Sabah-based accounting firms for audit and financial service contracts.
The move aims to boost local economic participation and empower home-grown professionals.
Contracts below RM50,000 must now go exclusively to firms registered with the Sabah Association of Professional Accountants (SAPA), with local firms still prioritised for larger contracts.
window.googletag = window.googletag || {cmd: []};googletag.cmd.push(function() {googletag.defineSlot('/22826383987/dailyexpress_inline', [1, 1], 'gpt-passback').addService(googletag.pubads());googletag.enableServices();googletag.display('gpt-passback');});“This policy secures opportunities for Sabahans and supports our young professionals in accounting and finance,” said State Finance Minister Datuk Seri Masidi Manjun.
SAPA welcomed the policy as a major step toward inclusive economic development.
Masidi also presented membership certificates to SAPA’s first 15 new members, marking a milestone for the state’s professional accounting community.
