Suria Capital – “its successful transformation of a government agency into a private company and the global financial crisis that it had to weather”
By ramgold on Oct 27, 2008 | In People & Culture | Send feedback »
Suria Capital held its fourth annual dinner at Dewan Bangkuasi, State Assembly Building here on saturday 25th October, 2008.
Its Chairman Tan Sri Ibrahim Menudin in his speech advised staff to be ready to face any eventualities in case of any global crisis that may occur in the near future causing the country’s economy to slow down. He advised all employees to be diligent in their work and be prepared for the worst in view of the current global economic crisis. Staff and officers must be prepared to cut cost while at the same time increase their efficiency and performance to ensure the company remain competitive.
Suria Capital, he noted has since its inception four years earlier, managed to achieve many important improvements.Though there were some hiccups, basically they managed to achieve the objectives set by the Government. As a result he said that the decision to privatise the port operations was correctly made and because of this also, the company has successfully transformed itself from a government agency into a private company through the adoption of good commercial practices.
It is a fact that upon the privatization of Sabah Ports operational activities, Suria Capital through its subsidiary Sabah Ports Sdn Bhd, should make a lot of headways in relation to making the port operation a better success than when it was very much a government agency, where only under a purely commercial settings could this be achievable.
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