FREE MALAYSIA TODAY. 25TH JANUARY: The Perak state government has shut down 27 of its subsidiaries identified as non-performing and burdensome to save costs.
Menteri besar Saarani Mohamad said the Perbadanan Kemajuan Negeri Perak (PKNP) subsidiaries affected by the closure were not carrying out business activities and had failed to contribute to the state government.
“We found that they were not performing, had no business and were not able to give back to the government. They were a burden to the parent company which had to pay salaries and so on.”
Saarani spoke to reporters after the inauguration and opening ceremony of the Piccadilly@Greentown project by Raja di-Hilir Perak Raja Iskandar Dzurkarnain Sultan Idris Shah here today.
He also said the state government is targeted to gradually receive a total contribution of RM100 million from all government-linked companies (GLCs) by 2030.
He said all GLCs must carry out thorough planning for every development or project given by the government to make a profit.
Asked about several abandoned housing projects in Perak, Saarani said he had asked state housing and local government committee chairman Ng Shy Ching to work with the local government development ministry to address the matter.
“At the Perak Housing and Property Board meeting, it was mentioned that the projects of several companies were halted due to the movement control order.