: The Ministry of Finance and the Langkawi Development Authority must ensure that the shareholder agreement concerning the lease of the land for The St. Regis Langkawi is adhered to.
“The MOF must immediately ensure that the outstanding lease payments are made within six months after the agreement is signed. Mas Ermieyati added that the PAC Report on the follow-up actions by LADA and MOF regarding the recommendations of the PAC Report on the Management of LADA’s Property Development was presented in the Dewan Rakyat today.
Mas Ermieyati said the PAC also believes that the Kuah Tourist Jetty, which was built at a cost of RM7.3 million, should be managed by LADA itself or through its subsidiary, Langsura Geopark Sdn Bhd, since the funding for the construction of this jetty came from government allocations.
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