Expert panel to monitor non-performing Sabah GLCs from May 2024, says state minister
KOTA KINABALU, April 24 -- A special expert panel to manage and monitor the many non-performing government-linked agencies (GLCs) will begin work next month, said state Finance Minister Datuk Seri Masidi Manjun.
The panel was among the measures taken by the state to address the problem of a majority of GLCs in Sabah haemorrhaging funds without turning a profit.
The consultation and monitoring panel will be jointly chaired by the state Finance Ministry's secretary-general Siaw Kok Chee, a former regional director at RHB who also serves as the Sabah chief minister's financial adviser.
"The rest of the panel members are three individuals from the state government and three individuals from the private sector," he said during his winding-u...
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