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Collaboration between local and foreign companies can further boost Sabah’s economy — Deputy CM

Collaboration between local and foreign companies can further boost Sabah’s economy — Deputy CM

22 Nov 2021

Collaboration between local and foreign companies can further boost Sabah’s economy that has been affected by the COVID-19 pandemic, said Deputy Chief Minister Datuk Dr Joachim Gunsalam.

He said the collaboration would enable local companies to offer better products and services and benefit the community.

“It can create jobs in the state. For example, the collaboration between Kim Teck Cheong Consolidated Bhd (KTC) and Hino Motors (Malaysia) Sdn Bhd, a subsidiary of Toyota Motor Corporation, has created jobs, specifically in the transport sector,” he said.

Gunsalam, who is also State Industrial Development Minister, said this to reporters after witnessing the presentation of the Shogun Kabuto award from Hino Motors (Malaysia) managing director Atsushi Uchiyama to KTC executive director Datuk Dexter Lau.

Shogun Kabuto is a type of helmet used by ancient Japanese warriors, including Samurai, and the award symbolises the highest honour in Japan.

Meanwhile, Lau said the Shogun Kabuto award signifies deeper collaboration between KTC and Hino Motors (Malaysia) that would propel to greater heights.

“KTC will invest RM30 million to acquire 200 units of Hino trucks to strengthen its logistics capability in East Malaysia and Brunei. I am confident the collaboration will create jobs, especially for Sabahans,” he said.

“We will also continue to implement corporate social responsibility to help the needy, especially those still affected by the COVID-19 pandemic,” he said.

KTC is a provider of market access and distribution of Consumer Package Goods in East Malaysia.

Source: Bernama

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