That was the title of a local news paper, "Malacca is Missing Millions".
Malacca or in Malay Melaka, is a small state in Malaysia. It is smaller than some of the districts in other states in Malaysia.
Several state's agencies, which were boosted to be cash cows, were making losses in term of RM$$ millions. This was confirmed by the Chief Minister Datuk Seri Idris Harun..
The quoted reasons includes:
- overspending.
- Bad Planning.
The agencies include:
1. Yayasan Melaka- RM286mil. The foundation created to provide quality educations for all Malaysian.
2. Melaka Development Corporation. (RM50Mil) -
3. Hang Tuah Jaya Corporation. ( RM25mil)
4. Melaka International Trade Center.
The Chief Minister said that the recovery mechanism had been put in place and he was confident to recover the loss.
Malacca or in Malay Melaka, is a small state in Malaysia. It is smaller than some of the districts in other states in Malaysia.
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| Star 5 Mar 2014 |
Several state's agencies, which were boosted to be cash cows, were making losses in term of RM$$ millions. This was confirmed by the Chief Minister Datuk Seri Idris Harun..
The quoted reasons includes:
- overspending.
- Bad Planning.
The agencies include:
1. Yayasan Melaka- RM286mil. The foundation created to provide quality educations for all Malaysian.
2. Melaka Development Corporation. (RM50Mil) -
3. Hang Tuah Jaya Corporation. ( RM25mil)
4. Melaka International Trade Center.
The Chief Minister said that the recovery mechanism had been put in place and he was confident to recover the loss.
