Kota Kinabalu: The Sabah Government has tightened oversight of Statutory Bodies and State Government-linked Companies (GLCs) through an establishment of two new committees under the State Ministry of Finance.
State Finance Minister Datuk Seri Masidi Manjun said the Sabah Statutory Bodies and State-Owned Companies Advisory and Monitoring Committee (JPP-KKNS) and the State Agencies’ Loan and Investment Committee (SALIC) have been set up to monitor and enhance performance, accountability and financial discipline within state entities.
Advertisement
He said both committees will be chaired by the Assistant Minister of Finance to ensure more effective and efficient deliberations of meetings.
“JPP-KKNS is tasked with identifying and monitoring the spending of Statutory Bodies and GLCs that demonstrate unsatisfactory performance, while also recommending corrective measures.
“SALIC, on the other hand, will review and evaluate loan applications and new investment proposals from State Statutory Bodies and GLCs to ensure the proposals are viable and capable of generating optimal returns for the Sabah Government,” he said when tabling the 2026 State Budget.
Beginning next year, Masidi said all Chief Executive Officers, Group General Managers and General Managers of Statutory Bodies and GLCs will be required to submit quarterly written performance reports directly to the Chief Minister.
“This measure is essential to closely monitor project implementation, financial performance, service delivery and each agency’s key performance indicators (KPIs),” he said.
As of now, Masidi said the Sabah Government has received dividends and contributions amounting to RM125.37 million from Public Agencies, and this figure is expected to further increase by end of the year.
“The Government would like to congratulate the Sabah Public Agencies that have recorded profits and paid dividends to the Sabah Government, namely the SMJ Energy Sdn. Bhd, Sabah Credit Corporation, Sabah Energy Corporation Sdn Bhd, Saham Amanah Sabah, Innoprise Corporation Sdn Bhd, Sawit Kinabalu Group of Companies, Desa Group of Companies, Sabah Economic Development Corporation, Sabah International Dairies Sdn Bhd, Qhazanah Sabah Berhad, Angkatan Hebat Sdn Bhd, Sabah Air Aviation Sdn Bhd, Borneo Development Corporation Sdn Bhd, Kinabalu International Hotel Sdn Bhd, Tabin Wildlife Sdn Bhd and Sabaras Sdn Bhd.
“Dividends received from Bursa Malaysia-listed companies are FGV Holdings Berhad, Petronas Dagangan Berhad and Suria Capital Holdings Berhad,” he said.
Masidi said the State Government also expressed its highest appreciation for the contributions made by Public Agencies, namely Sabah Parks Board of Trustees, Tanjung Aru Eco Development Sdn Bhd, Rural Development Corporation, Sabah Mineral Management Sdn Bhd, Sabah Fisheries and Fishermen Development Corporation, Sabah Rubber Industry Board, Sabapak Eco Sdn Bhd, Sabah Fish Marketing Sdn Bhd, Smart Sabah Corporation, Angkatan Hebat Sdn Bhd, Sabah Tourism Board, Perkasa Hotel Sdn Bhd, and Sabah Forestry Development Authority.
