Business

CM hails Sabah Softwood Bhd as among most profitable state GLCs

Company plays important role to develop plantation sector, Datuk Seri Hajiji Noor says

Updated 3 years ago · Published on 26 May 2023 7:29PM

CM hails Sabah Softwood Bhd as among most profitable state GLCs
Sabah Chief Minister Datuk Seri Hajiji Noor signs the Sabah Softwoods Bhd guest book. – Pic courtesy of Sabah Chief Minister’s Department, May 26, 2023

KOTA KINABALU – Sabah Softwoods Bhd has set a benchmark in sustainable land management, making it one of the state’s most profitable government-linked companies since its inception 50 years ago, said Sabah Chief Minister Datuk Seri Hajiji Noor. 

He said the company has played an important role in the development of the state’s plantations sector, showing it has the capability to manage land assets through productivity maximisation whilst balancing landscape and environment considerations. 

Its success in research and development, plantation management, and environmental conservation is something that everyone can be proud of, he said in conjunction with Sabah Softwoods Golden Jubilee celebration at the Sabah International Convention Centre here today. 

“As one of our main GLCs, Sabah Softwoods have made a big contribution in terms of dividend paid to the state government. This has enabled its parent company, Innoprise Corporation Sdn Bhd, to be at the forefront of our plantations sector. 

“It has reciprocated to the state in terms of building a titled land bank, supporting Yayasan Sabah’s education promotion efforts and environmental conservation activities as well as other social programmes for the benefit of the people of Sabah,” he said.   

The chief minister expressed hope that Sabah Softwoods will continue to lead in the plantations sector not just in the state but also at the national and global levels. 

“We must always take care of our forest so that it can be sustained for our future generation,” he said. 

At the same event, Hajiji also launched a book in conjunction with Sabah Softwoods’ anniversary, which he said will be a record of history and success.  

“Now, we need to look further ahead in the hope to realise the success of the state and Sabah Softwoods for years to come. We hope our successors will continue to hold onto the highest standard set and achieve bigger successes,” he said. – The Vibes, May 26, 2023. 

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