Selangor’s Reserves of RM3 Billion Able to Support 3 Years of Ailing Economy

SUBANG, 14 Dec: The Selangor Government’s reserves of almost RM3 billion currently is able to accommodate expenditures to manage the economy and other important expenditures for up to three years if faced with economic downturn.

3.1

The Chief Minister, Tan Sri Abdul Khalid Ibrahim, said that this is because the State Government is committed in providing a strong economic core in preparation to face any unexpected situations.

“That is why my key duty is to ensure that Selangor’s assets and revenue is taken care of well because it is not mine, but the people’s trust.

“Now, Alhamdullilah, in a period of less than six years, we have reached a point where we are not afraid of not receiving much revenue for two or three years because we have readied reserves up to RM3 billion.

“Despite having much money, it is also wrong if we do not spend it because this money is not to buy executive committee members nice bags or luxury cars, but for the development of the people, where we will continue to invest for the people,” said Abdul Khalid in the inaugurating speech for the Yayasan Selangor Excellent Service Award Ceremony.

When touching on the role played by Yayasan Selangor, Abdul Khalid said that until now, the foundation has carried out its responsibility excellently by producing a young generation that is useful to religion, race and country.

“Our responsibility increased from two to three hundred students to 1,000, and we have already reached 3,000. Now, our aim is to have 5,000 students produced by Yayasan Selangor,” said Abdul Khalid who is also the Chairman for the Board of Trustees for Yayasan Selangor.

3.2

Meanwhile, the General Manager of Yayasan Selangor, Ilham Marzuki, reminded the staff of the foundation to increase their respective credibility and integrity by maintaining excellence and staying away from abuse of power.

At the event, which was held at the Holiday Villa Hotel & Suites, Abdul Khalid also presented nine awards of service excellence for years 2010, 2011 and 2013, as well as long service awards to about 35 staff of the foundation.

Leave a Reply

Your email address will not be published.

Categories
SELANGOR

Selangor’s Reserves of RM3 Billion Able to Support 3 Years of Ailing Economy

SUBANG, 14 Dec: The Selangor Government’s reserves of almost RM3 billion currently is able to accommodate expenditures to manage the economy and other important expenditures for up to three years if faced with economic downturn.

3.1

The Chief Minister, Tan Sri Abdul Khalid Ibrahim, said that this is because the State Government is committed in providing a strong economic core in preparation to face any unexpected situations.

“That is why my key duty is to ensure that Selangor’s assets and revenue is taken care of well because it is not mine, but the people’s trust.

“Now, Alhamdullilah, in a period of less than six years, we have reached a point where we are not afraid of not receiving much revenue for two or three years because we have readied reserves up to RM3 billion.

“Despite having much money, it is also wrong if we do not spend it because this money is not to buy executive committee members nice bags or luxury cars, but for the development of the people, where we will continue to invest for the people,” said Abdul Khalid in the inaugurating speech for the Yayasan Selangor Excellent Service Award Ceremony.

When touching on the role played by Yayasan Selangor, Abdul Khalid said that until now, the foundation has carried out its responsibility excellently by producing a young generation that is useful to religion, race and country.

“Our responsibility increased from two to three hundred students to 1,000, and we have already reached 3,000. Now, our aim is to have 5,000 students produced by Yayasan Selangor,” said Abdul Khalid who is also the Chairman for the Board of Trustees for Yayasan Selangor.

3.2

Meanwhile, the General Manager of Yayasan Selangor, Ilham Marzuki, reminded the staff of the foundation to increase their respective credibility and integrity by maintaining excellence and staying away from abuse of power.

At the event, which was held at the Holiday Villa Hotel & Suites, Abdul Khalid also presented nine awards of service excellence for years 2010, 2011 and 2013, as well as long service awards to about 35 staff of the foundation.

Leave a Reply

Your email address will not be published.