IntroductionThe contributions of Yayasan Sabah Group to the State of Sabah and its people are not limited to education and social development. In the commercial and industrial sectors, it is acknowledged as a pioneer, leader, innovator and facilitator of growth. Innoprise Corporation Sdn. Bhd (ICSB) was incorporated in 1988 as the investment vehicle, the management and a holding company of Yayasan Sabah's group of companies. Its mission, "To Be The Investment Vehicle of Yayasan Sabah for a Better Future of Malaysians in Sabah" is a clear message of its steadfast commitment to fulfill its corporate objectives in supplementing and complementing the government's efforts to bring socio-economic and economic progress and prosperity for the people of Sabah. To sustain its effective role as the main generator of funds for Yayasan Sabah, it has expanded its income generation base from traditional forestry and wood-based sectors to include other productive sectors. In lieu of this, it has diversified into businesses such as tourism and real estate.
To achieve financial soundness and sustainability through the following strategies:-
- To constantly develop a portfolio based on the Group's strengths and external opportunities.
- To ensure consistent growth in profit, cash flow and dividend payout from the portfolio to fund the Group's annual expenditure and build up the Group's cash reserve.
- To generate impactful profitability, cash flow and dividend payout from the core business and priority sectors.
- To be cost-effective and cost-efficient.
To achieve maximum returns and with minimum risk through the following strategies:-
- To review and re-classify core business and priority sectors based on the impactfulness of the profitability, cash flow and dividend payout contribution of the sectors.
- To continue to evaluate and transform non-profitable companies into financially profitable and impactful companies.
- To transform non-profitable cost centres into financially sustainable entities.
- To constantly identify business with good potentials as future profit contributors to the Group.
To achieve a high degree of efficiency, effectiveness and productivity.
To achieve market growth and diversification in local and overseas markets for ICSB's marine produce, handicrafts, tourism products and properties.
To achieve a high degree of integrity, efficiency, effectiveness and professionalism amongst its staff.
Research & Development
To be a leader in the Research & Development of Oil Palm, Reforestation, Conservation, Environmental Sustainability, Biotech and Agro-fishery sectors.