Tag: dividend policy
-
Hajiji Signals Shutter Plan for Loss-Making GLCs Without Turnaround Prospects
Hajiji has warned that loss-making government-linked companies (GLCs) and statutory bodies under the state’s purview may be shuttered if they fail to demonstrate a credible turnaround plan. The comments come as part of a broader push to improve fiscal discipline and ensure that state assets contribute meaningfully to public finances. The chief minister emphasized that…
-
Sabah Leader Signals Shutter for Loss-Making GLCs with No Turnaround Prospects
Sabah signals tough stance on loss-making GLCs In a bold move aimed at tightening oversight over state-linked companies, Sabah Chief Minister Hajiji Noor today outlined a plan that could see loss-making Government-Linked Companies (GLCs) shuttered if they show no signs of turnaround. The announcement places efficiency and accountability at the forefront of the state’s corporate…
-
Hajiji Signals Closure Risk for Struggling GLCs Without Turnaround Prospects
Hajiji Flags Possible Closures for Loss-Making GLCs In a recent policy briefing, Hajiji Noor, the chief minister, signaled a hard line on Government-Linked Companies (GLCs) and statutory bodies that fail to deliver on financial performance. He announced that non-performing entities with no credible turnaround prospects could be shuttered to preserve state finances and protect taxpayers’…