Latest news with #Julita
Daily Express
25-05-2025
- Business
- Daily Express
Action being taken on sick GLCs
Published on: Sunday, May 25, 2025 Published on: Sun, May 25, 2025 Text Size: Julita said not all State-linked firms are underperforming, citing several that have delivered dividends, jobs and investment opportunities. Kota Kinabalu: The Sabah Government has rolled out a series of reforms to improve governance and performance of government-linked companies (GLCs) and statutory bodies. Assistant Finance Minister Datuk Julita Majungki said the measures reflect the State's commitment to ensuring accountability and maximising the impact of its corporate entities. The reforms come amid criticism from former Sabah Law Society President Datuk Roger Chin, who alleged political interference in loss-making GLCs. Julita said not all State-linked firms are underperforming, citing several that have delivered dividends, jobs and investment opportunities. As part of ongoing improvements, the State is restructuring major GLCs like Sedco and Qhazanah Sabah Berhad, appointing new leaders to drive recovery and accountability. 'The goal is to optimise resources and focus on ventures that truly benefit Sabah's economy,' she said. Advertisement Sabah currently oversees 27 holding companies and 22 statutory bodies in key sectors like plantations, energy and property development, supported by a network of around 250 subsidiaries. To streamline operations, the Government has introduced stricter policies, including vetting board appointments, reassessing business models and tightening financial monitoring. A major new rule requires all joint venture deals involving State-linked firms to undergo review by the State Attorney-General's Office and the Finance Ministry before Cabinet approval, a move designed to protect public interests. A dedicated GLC Monitoring Committee, co-led by top finance officials, has also been formed to identify governance gaps and recommend corrective actions for underperforming firms. Some inactive GLCs are being restructured or shut down to cut losses. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Borneo Post
13-05-2025
- Politics
- Borneo Post
PBS: Local parties must lead Sabah government to reflect people's aspirations
Julita KOTA KINABALU (May 13): Parti Bersatu Sabah (PBS) has reaffirmed its belief that local political parties should form the core leadership of the state government to ensure Sabah's future is shaped by the aspirations and needs of its people. Its secretary-general, Datuk Julita Majungki, said that local parties possess a distinct advantage through their deep understanding of Sabah's unique ethnic diversity, geographical challenges and cultural richness. 'Local parties are born from the grassroots of Sabah. Leadership that reflects the people's heartbeat enables the creation of policies that truly address the rakyat's needs. This is essential for development that benefits all layers of society,' she said in a statement on Tuesday. Julita outlined several strengths of local parties, including their ability to develop context-specific policies, their sensitivity to issues such as native customary rights and rural infrastructure, their capacity for faster decision-making, and their commitment to defending Sabah's rights under the Malaysia Agreement 1963 (MA63). 'Local leaders understand the real challenges faced by the people and are more capable of formulating effective, practical solutions. Local parties are not only efficient in governance, but also in steering Sabah toward a sustainable and progressive future,' she added. PBS also expressed strong support for recent remarks by Gabungan Rakyat Sabah (GRS) chairman Datuk Seri Panglima Hajiji Noor, who advocated for local parties to serve as the backbone of the state government — even if it means contesting the upcoming 17th state election (PRN17) independently. Julita said this message aligns with PBS's long-standing position of championing grassroots leadership for Sabah. 'The GRS chairman's statement is a recognition of the strength and vital role of local parties. PBS welcomes this call and is fully committed to building a stable, united and people-focused state government,' she said. She urged Sabahans — especially the youth and those in rural communities — to view the upcoming election as a vital opportunity to elect leaders who genuinely understand, listen to, and serve with sincerity. 'Now is the time for us to stand tall as Sabahans. Local parties are not just an option — they are essential for securing a just, prosperous, and sovereign future for our beloved state. GRS is the best platform to realise this vision,' Julita concluded.
