Tag Archive
PKFZ: Was it really a Bailout?
By Capt Yusof Ahmad Total amount committed to date was RM4.6 billion. KPA claims it can be settled over 15 years with an annual payment of about RM15 million. Projected income generated per year does not offer such comfort. Even the Accountant General had expressed doubts of KPA’s ability to settle the debt. In... »
Parliament: Motion on PKFZ rejected
KUALA LUMPUR: The Dewan Rakyat rejected an emergency motion to have a royal commission of inquiry into the RM12.5bil Port Klang Free Zone (PKFZ) scandal, saying that the matter was not urgent. Speaker Tan Sri Pandikar Amin Mulia, in his ruling, said the emergency motion filed by Lim Kit Siang (DAP-Ipoh Timur) under Order 18(1)... »
Report reveals weak project management
KLANG: The report on the Port Klang Free Zone highlighted 20 issues concerning the project’s management and governance by the Port Klang Authority. Among the issues which were revealed by the points were weak project management, cost overruns and conflicts of interests. »
Ong: Take legal action on PKFZ
PETALING JAYA: The Port Klang Authority has been ordered to seek legal recourse for any contractual shortcomings or irregularities revealed by the report on the Port Klang Free Zone which has been made public. »
PKFZ audit report now online; 20 key issues
KLANG: The Port Klang Authority (PKA) has released the full audit report by PricewaterhouseCoopers Advisory Services Sdn Bhd (PwC) on the Port Klang Free Zone (PKFZ) project, which would be available at the PKA website (click here for the full report) for public viewing for two weeks until June 10. »
Lim’s resignation linked to PKFZ’s slow growth
KLANG: The slow pace of improvement at the Port Klang Free Zone as well as breach of confidentiality have been cited as the key reasons which led to the resignation of Lim Thean Shiang as PKFZ Sdn Bhd executive chairman and the port authority’s general manager. »
Public release of PKFZ report up to Cabinet
PORT KLANG: The decision to make public the audit report on the Port Klang Free Zone (PKFZ) project lies with the Cabinet, said Port Klang Authority chairman Datuk Lee Hwa Beng. He said this was because the issue had been deliberated during the last two Cabinet meetings. »
MACC begins PKFZ probe
PETALING JAYA: The Malaysian Anti-Corruption Commission has started investigations into the Port Klang Free Zone (PKFZ) controversy. It is learnt that a team from the Putrajaya MACC has been investigating and inquiring from those in the know about the project. »
PKA seeking legal advice on indemnity issue
PORT KLANG: The Port Klang Authority (PKA) is seeking legal advice to look into the indemnity requested by PricewaterhouseCoopers (PwC) for the release of its audit report on the Port Klang Free Zone (PKFZ). »
Onus on PKA when to release PKFZ report, says Ong
LANGKAWI: The onus is on the Port Klang Authority (PKA) to determine when the PricewaterhouseCoopers (PwC) audit report on the Port Klang Free Zone (PKFZ) could be released, said Transport Minister Datuk Seri Ong Tee Keat. “The onus is on PKA,” he said, adding that any enquiry on when the audit report could be... »