GLCs Contribute to State Economy

State government-linked companies and agencies (GLCs) have contributed to the state economy in the form of financial contributions and implementation of initiatives to aid the people of the state.

Menteri Besar, Datuk Seri Saarani Mohamad said that to date, five GLCs have contributed to state revenue, with a total of RM40.15 million received.

According to him, among the GLCs are the Perak State Agricultural Development Corporation (PPPNP) which contributed RM17 million, State Secretary Incorporated (SSI) (RM5 million), Menteri Besar Incorporated (MB Inc.) (RM3 million), Perak Water Board (LAP) (RM15 million) and Digital Perak Corporations Holding (DPCH) (RM150,000).

“Besides that,  PPPNP has managed to generate a total of RM22 miilion this year, while MB Inc generated a total of RM50 million in the form of royalty for stone material for the year 2019 till 2021. 

“On the other hand, LAP contributed RM25 million for the year 2021 for raw water royalty payment,” he said during his wrap-up speech at the state assembly sitting yesterday.

According to Saarani, there are also direct contributions to the people via initiatives to boost the agricultural and entrepreneurship sectors, as well as corporate social responsibility programmes (CSR). 

“As an example, PPPNP has launched the urban farming programme with a total space of about 7.47 acres involving 6,540 participants.

“Besides that, the development of the state halal meat hub can also boost the production of beef in the state,” he said.

The Menteri Besar explained that entrepreneurs in Perak also receive the support of GLCs such as PPPNP, Yayasan Perak and Yayasan Bina Upaya via entrepreneur development programmes which provide grants, interest-free loans, courses and programmes.


Rosli Mansor


Get your local news fast. Download the Ipoh Echo App on your mobile. Available on both Google Playstore and Apple Appstore.



Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button