State Assets To Be Supervised Carefully


SUBANG JAYA, 24 SEPT: All state assets will be effectively governed to produce profits for the State. These profits, Chief Minister Tan Sri Abdul Khalid Ibrahim explained, will be channeled into people-focused programmes such as the ‘Merakyatkan Ekonomi Selangor’ (MES) Agenda.

His statement was made following the recent discovery of poor management of Selangor assets. In fact, there are no known assets.

“Selangor has unused assets worth RM12 billion. Even if the income from these assets is worthed three per cent, Selangor will only get a revenue of RM360 million,” said Abdul Khalid.

He was adamant that the state asset management should move their assets so that the results can be leveraged. This is because the people will definitely assign blame on the State should the assets fail to generate revenue.

“When it comes to the subject of budget, it is worth remembering that it is not a two-way street of spending and revenue. If we produce no results, how do we spend?” said Khalid, further adding that the people will hold the State accountable if the asset does not generate revenue.

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