SEDCO makes RM7 mln loan repayment to Sabah state govt

● Tuesday, April 3, 2012



KOTA KINABALU: The Sabah Economic Development Corporation (SEDCO) yesterday made a RM7 million loan repayment to the state government.

 SEDCO chairman Datuk Mohd Arifin Md Arif handed over the repayment to the Permanent Secretary State Finance Ministry, Datuk Pengiran Hassanel Tahir, and witnessed by Chief Minister Datuk Seri Musa Aman.

Datuk Mohd Arifin Md Arif
Musa, who is also the Finance Minister, said SEDCO’s ability to make the repayment showed that the state agency had undertaken good organisational management.

“I have asked of all state agencies to ensure efficient, trustworthy and transparent management from a long time ago, so that they can repay loans and contribute to the state economy,” he added.

He was speaking to reporters after the ceremony for the loan repayment by SEDCO on the sidelines of the State Assembly proceedings here.

Datuk Seri Musa Aman
 He said SEDCO had posted last year an income of RM763.3 million, which was a 8.6 per cent increase from previously.

Musa said the profit before tax (and after minority interest) was also higher at RM70.3 million, an improvement of 20.5 per cent compared to the previous year. — Bernama

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7 comments:

  1. Green SabahApril 4, 2012 at 1:42 PM

    Congratulations to Sedco on their good organizational management.

    ReplyDelete
  2. No nameApril 5, 2012 at 9:33 AM

    Syabas dengan pencapaian SEDCO. Usaha ini harus diteruskan.

    ReplyDelete
  3. No nameApril 5, 2012 at 9:35 AM

    Ini membuktikan bahawa SEDCO mempunyai management yang kuat yang dapat mendapat keuntungan yang lumayan.

    ReplyDelete
  4. No nameApril 5, 2012 at 9:39 AM

    Great achievement, such effort shall continue to generate more income and state revenue.

    ReplyDelete
  5. No nameApril 5, 2012 at 9:42 AM

    keuntungan ini harus digunakan lebih wajar untuk projek perkembangan ekonomi yang seimbang.

    ReplyDelete
  6. No nameApril 5, 2012 at 9:53 AM

    Pengurusan kewangan harus bijak untuk menjana pendapatan yang berterusan.

    ReplyDelete
  7. nickkoApril 19, 2012 at 11:03 AM

    this is a proof that under the leadership of current Sabah chief minister Musa Aman, all Sabah state agencies managed to improve their efficient, trustworthy and transparent management..

    ReplyDelete

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