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NABAWAN, April 27 (Bernama) -- The Sabah Land Development Board (SLDB) has paid RM21 million in accumulated dividends to 7,000 settlers and its participants last year, compared to RM3.4 million in 2020.
Chief Minister Datuk Seri Hajiji Noor said the dividend payment was the best recorded by the agency over the past three years.
“The dividend payments were made on a monthly and quarterly basis throughout 2021.
“For the first quarter of this year, SLDB has paid RM5 million in dividends compared to budget 2022’s estimate of RM3.4 million,” he said in a statement today.
Hajiji, who is also Sabah’s Finance Minister, said SLDB has also set a dividend payment target of RM17 million to settlers and participants this year.
He said apart from the increase in oil palm prices, the main factor contributing to SLDB’s performance was the increase in palm oil production, which rose to 68,000 metric tonnes in 2021 from 53,000 metric tonnes in 2020.
The chief minister said he wants SLDB to continue playing an important role in helping to eradicate poverty in rural communities in Sabah and improve their socio-economic status through agriculture-based land development.
SLDB is currently undertaking land development and oil palm replanting activities throughout the state, encompassing 38,000 hectares, in addition to a small portion of rubber plantations.
The socio-economic project has benefited almost 7,000 B40 households and about 28,000 households, including the wives and children of settlers as well as SLDB participants.
Meanwhile, Hajiji hopes that government-linked companies (GLCs) will be able to contribute a total of RM200 million in dividends to the state government, adding that the dividends received will be used to build and improve various infrastructures for the people.