KUALA TERENGGANU, Oct 28 (Bernama) -- The Terengganu state government is conducting regular monitoring and improving management to restore the financial performance of its subsidiaries, after 20 of the 26 companies recorded combined losses of RM24.01 million in 2024.
General : Terengganu Steps Up Efforts To Improve Management Of Loss-Making Subsidiaries
subsidiaries, losses, monitor, improvements, Tere
BE Bernama 
Key takeaways
Terengganu government monitors and improves management of loss-making subsidiaries, with 20 of 26 companies losing RM24.01 million in 2024.
- The state government conducts internal audits and works with the National Audit Department.
- Monthly meetings assess progress and identify improvements for government-linked companies.
- Efforts include restructuring operations of non-revenue generating companies.
Summarised automatically by AI from the original article by Bernama. AI can make mistakes, so check the original for details.
Read the full story on Bernama That's the opening of the story. The full piece is published by Bernama.
Continue reading ↗ Story details
- Published
- Section
- news
- Format
- Article
- Original
- bernama.com ↗
