KOTA KINABALU, Dec. 18 -- Chief Minister Datuk Seri Hajiji Noor has put Sabah's underperforming government-linked companies (GLCs) on final notice.
In a blunt warning today, he said he would have no issue shuttering any that fail to turn a profit for five consecutive years.
"The state government will not hesitate to issue a shutdown order if the GLC concerned does not show any prospect of recovering," he said at a dividend presentation ceremony at Menara Kinabalu.
The warning is part of a major shake-up aimed at transforming the state's GLCs into efficient and trusted economic drivers.
Hajiji announced a raft of new measures to strengthen corporate governance and accountability.
These include a revamp of GLC chairmen and board member...
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