Call to shed light on PDC's huge debts owned ot Penang govt

GEORGE TOWN: The state has been told to explain the financial status of Penang Development Corporation (PDC) over its alleged mounting debts.

Datuk Dr Muhamad Farid Saad (BN-Pulau Betong) said PDC received a RM600mil loan last year from Budget 2017, while in Budget 2018 the loan to PDC was approximately RM300mil.

Questioning if the debts indicate that PDC was not on stable financial ground, he asked if PDC would be able to pay back the huge sum to the state.

“Both loans are huge. How is PDC going to pay it all back?

“What has happened to the revenue of PDC in recent years? We would like some answers to the whereabouts of the expenditure on whether the sum was used for investment or loan to a third party.

“Is the PDC today not on stable financial ground until there were some who said that PDC has to take a bank loan to give out salaries,” he said when debating the Supply Bill and Budget 2018 at the state assembly sitting yesterday.

State Opposition Leader Datuk Jahara Hamid (BN-Telok Air Tawar) also raised her concern if PDC “was in the red”, considering that it was among the corporations in the past which had developed Bayan Baru and Seberang Jaya.

“PDC has also contributed to numerous state funds. But now, it is the opposite. PDC is borrowing money from the state government,” she said.

Source: by cavina lim, chong kah yuan,  and crystal chiam shiying at the penang state assembly

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Penang MCA: Guan Eng must explain cause of incident in house near construction site

GEORGE TOWN: Penang MCA is seeking an explanation from Chief Minister Lim Guan Eng on the collapse of a perimeter wall and an awning of a house in Jalan Bagan Baru 1, Butterworth.

Its organising secretary Dr Tan Chuan Hong said the house owner believed the collapse could be due to nearby construction carried out by Penang Development Corpora-tion (PDC), of which Lim is the chairman.

The area is also under the Bagan parliamentary seat which Lim is the MP.

Dr Tan said the house owner had earlier complained to PDC after seeing cracks on the wall at his backyard about one year ago.

He said PDC was carrying out piling works then for its two affordable housing projects.

“Luckily, nobody was hurt in the incident but the authorities came forward only after the wall fell,” he said when contacted yesterday.

“That is against their ‘competency, accountability and transparency’ policy.”

Dr Tan urged the state to conduct a safety review on the projects.

When contacted, Sungai Puyu assemblyman Phee Boon Poh said the awning and wall collapsed due to soil movement during the construction of a drain at the projects.

He said that after being told of the incident, he went for a site inspection with Seberang Prai Municipal Council president Rozali Mohamud, representatives from PDC and the contractor.

“I told the house owner that the state would take full responsibility.He will be fully compensated and repairs will be done soon.”

He added that the council issued a stop-work order for the drain construction pending investigation.

“Our geo-technical expert will do a soil test while PDC and council safety officers will investigate the incident,” he said.

Source: The Star  by Crystal Chiam Shiying

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