PENAMPANG: Reminiscing on his first visit to the office of Sabah Credit Company (SCC) in 2000, the Chief Minister, Datuk Seri Musa Aman, said the government-linked company (GLC) only achieved a profit of RM6 million at the time.
“However, after several years SCC has transformed into a giant corporation and improving its financial performance. I am pleased with SCC performance when it garnered RM71.1 million in revenue last year.
“For more than a decade, SCC profitability remains consistent, enabling the company to issue dividends to the state government which until today has amounted up to RM204 million,” he said to the reporters after officiating the 60th Anniversary of SCC at SCC Building, Penampang, today.
Also present at the event were the State Government Secretary, Tan Sri Wakiman, Minister with Special Tasks, Datuk Teo Chee Kang, SCC Chairman, Datuk Linda Tsen, and SCC Executive Office, Datuk Vincent Pung.
In conjunction with the anniversary Musa said SCC need to solidify and strengthen its performance as a state-owned financial credit service to remain relevant in the current global economy.
He added that SCC also needs to be well informed with costumers’ response in order to increase its service quality for the public.
“The political an economic stability that we enjoy today will have to become an example for SCC and other GLCs to continue in giving a quality service.
Musa, who is also the state Finance Minister, commended on SCC efforts in contributing to the public especially for the rural communities.
According to him, the government is fully supporting SCC initiatives in contributing 10 percent of its profit to its corporate social responsibility (CSR) in the state.
“I am informed that SCC is requesting for 24 hostels to be built in several schools in Sabah, and six for orphanages, as well as to build community centres for single mothers,” he added. – SayangSabah