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Sabah could shut loss-making GLCs after 5 unprofitable years
Published:  Dec 18, 2025 4:56 PM
Updated: 10:46 AM
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Sabah government-linked companies (GLCs) that fail to record profits for five consecutive years will be reviewed and could be ordered to shut down, said Chief Minister Hajiji Noor.

He explained that any such GLC, with no credible recovery plan, would be assessed by Sabah’s advisory and monitoring committee overseeing statutory bodies and government-owned companies.

The message, delivered at a dividend presentation ceremony at Menara Kinabalu, reflects...


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