Golden Pharos Group is committed to acting professionally, fairly and with integrity in all its business dealings and relationships wherever it operates, and in implementing and enforcing effective systems to counter bribery and corruption. Both bribery and corruption are punishable offences under the Malaysian Anti-Corruption and Commission Act 2009 and its amendments.

Golden Pharos Group’s anti-bribery and corruption stances are as follows:

  • a) The Group adopts a “Zero Tolerance” approach against all forms of bribery and corruption.
  • b)All directors and employees must not offer, promise, give, solicit or accept any bribe and/or other improper gratifications in order to achieve any business or personal advantage for themselves or others, or engage in any transaction that contravenes any applicable anti-bribery or anti-corruption laws.
  • c)The Group holds a “No Gift” Policy, although certain exceptions are allowed.
  • d)Dealing with third parties including clients, joint ventures partner, outsourcing providers, contractors, consultants, supplier, vendors, advisors, agents, distributors and representatives must be carried out in compliance with all relevant laws and must be consistent with the values and principles of the Group’s Employee Code of Conduct and Code of Business Ethics (“COBE”).
  • e)The Group encourages its employees or other stakeholders to make any disclosures openly and honestly, and that concerns or complaints raised will be treated fairly and properly.

Golden Pharos Berhad has established a Code of Conduct and Ethics (“Code”) to promote good business conduct and maintain a healthy corporate culture that engenders integrity, transparency and fairness.

We are also adopted Terengganu Inc group Code of Business Ethics, No Gift Policy and Whistleblowing Policy to supplement the company group’s existing Employee Code of Conduct.


To become a premier natural resources organisation.


• To improve our results
• To meet our customer expectations
• To maximise return to our shareholders
• To promote green and eco-friendly environment
• To provide workforce with rewarding employment
• To use our position as an integrated timber producer

Core Values














GPB took over the manufacturing of timber doors from Golden Pharos Wood Industries Sdn.Bhd.


  • May – Tempered glass plant set up at Telok Panglima Garang Industrial Site, producing 20,000 square metres of tempered glass per month.
  • November – The second phase of glass production was implemented to supply architectural glass and shower screens for domestic buildings and the construction industry.


March – GPB became fully integrated timber corporation with the acquisition of Permint Timber Corporation Sdn.Bhd.


  • Kumpulan Pengurusan Kayu Kayan Trengganu Sdn.Bhd., timber management subsidiary, awarded the Forest Stewardship Council (FSC) endorsed certification.
  • Two saw-milling subsidiaries, Pesaka Trengganu Berhad and Pesama Timber Corporation Sdn. Bhd. (Pesama) are Chain-of-Custodian(CoC) certified by third party certifiers accredited by the FSC.


  • Golden Pharos Glass Sdn.Bhd. (GP Glass) certified to ISO 14001:2004 International Standards.
  • GP Glass awarded ISO 9001 – 2006.
  • Pesama obtained FSC endorsed certification for Cherul Forest Concession.


  • GPB entered into a Memorandum of Understanding with Malaysian Timber Industry Board (MTIB) and Pengusaha Kayu-Kayan & Perabot Bumiputera Malaysia (PEKA). 2014


  • GPB entered into a Memorandum of Understanding with Dongwha Malaysia Sdn Bhd.
  • Permint Plywood Sdn Bhd (PPSB) entered into a Joint Venture Agreement with Cymao Plywood Sdn Bhd (CPSB) to revive PPSB’s facility by establishing a JV company, GP Dynamic Venture Sdn Bhd (GPDV).


  • PPSB entered into a Shareholders’ Agreement with CPSB.
  • l PPSB subscribed to RM0.96 million (60%) of GPDV’s paid up capital. GPDV’s intended activities were to manufacture and sell veneer, plywood and decorative plywood.
  • l In June 2016, PPSB commenced the production of woodchips to maximise the value of the Group’s wood waste.


  • GP Glass was awarded Company of The Year (Small Medium Enterprise) at Terengganu Inc Excellence Award 2017.
  • Pesama and Pesaka Trengganu Berhad
    (Pesaka) were awarded
    the Performance Award
    for Sawmill Category (Air Pollution Control) by the Department of Environment Terengganu.


  • PPSB re-started operations after closing down its business in 2005.
  • PPSB was certified with Programme for the Endorsement of Forest Certification (PEFC) for veneer production.
  • PPSB signed an agreement with BioBenua Teknologi to process agar wood oil.
  • Kumpulan Pengurusan Kayu Kayan Trengganu Sdn Bhd (KPKKT) initiated commercial Forest Plantation for long- term timber supply.
  • PPSB was awarded the PEFC ‘Chain
    of Custody of Forest Based Products’ certification at Majlis SIRIM Industri 2018 ‘Best Partner For Innovation’.


  • First dividend payment of 1.27 sen per share was declared and paid after 11 years.
  • GP Glass was awarded Brand Leadership Award at the BrandLaureate BestBrands Awards 2018/2019.
  • The then Minister of Human Resource,
    YB M Kulasegaran appointed Chief Executive Officer, Dato’ Nadza Abdul as Director of SOCSO.
  • CEO Dato’ Nadza Abdul received the Malaysia Business Awards (MEBA)- Masterclass Bumiputera CEO of The Year Award.
  • GPB paid RM3.17 million as partial repayment of advances to Terengganu Inc after 10 years of debt.


  • April 2020 – GPB was finalist in 2019 Asia Sustainability Reporting Award in Singapore.
  • August 2020 – GPB settled RM12 million of Terengganu Inc debt via issuance of redeemable preference shares.
  • October 2020 – GPB awarded Company of the Year (Logging & Sawmill) by CSR Malaysia.