Habis Liao. Tanah jual habis. Kini mahu pinjam loan dari Negeri China Pulak. Kini sudah mahu jual Penang kepada China.
Sudah gila liao , so much State Land being sold and yet still taking loans. The future generations is going to pay thru their asshole.
Thank you for voting DAP , Thank you for UBAH. Penangites deserve to be rap and sodomise by DAPigs.
Via My Facebook :
https://m.facebook.com/story.php?story_fbid=10211853677369176&id=1587733405
*Penang failed state? It has started*
A new law that allows the State EXCO led by Lim Guan Eng to borrow money from China's EXIM bank without the state assembly's approval has been passed today.
A move that is so controversial and risky that 3 PKR and 2 DAP ADUNs had questioned the bill - with one warning that there is a possibility that Penang will end up like Greece.
Last year, Penang EXCO Chow Kon Yeow had said that their Penang Transport Masterplan had increased in price from RM27 billion to RM46 billion and that the Penang Govt will need to borrow billions to fund this gap - meaning up to RM19 billion.
Penang's state administration spending has increased five folds from RM280m in 2008 to up to RM1.5 billion in 2017.
Even the previously very profitable Penang PDC has been hit by slumping profits and cash reserves which required the state govt to lend them RM609 million this year.
Bear in mind that the normal revenues (without asset sales) of the Penang Govt is only about RM400m per year - which is already significant for a state of just 1.7 million people.
Piling on so much debt for the state govt on a transport project that is now costing RM28,000 per person for each of Penang's 1.7 million man, woman and child with little certainty of profitability could cripple Penang for generations.
Especially when there is not much asset to sell anymore since DAP has gone on a big selling spree of state assets since 2008.
Already, assessments have been raised in 2015 and water rates are set to be raised for the 4th time since 2008 while the state govt has now started selling land without open tender starting with the Island Hospital project.
Yearly state operating expenses already increased 500%. Little state land and assets left. Penang PDC profits and cash plunged. And set to allow the state EXCO to borrow billions from a bank.
This could be Lim Guan Eng and DAP's final "gift" or ""curse" to Penang people - one that future generations of Penang people will remember.
This could be the "failed state" that DAP had been warning us since 1960s - and it looks to be Penang.
LSS.
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http://www.malaysiakini.com/news/383516
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