Port Klang Authority still owes govt RM3.2bil

Free Malaysia Today

PKA general manager K Subramaniam says they have been making the annual repayment to the federal government without fail.  Read More: https://www.freemalaysiatoday.com/category/nation/2025/03/18/port-klang-authority-still-owes-govt-rm3-2bil/  Laporan Lanjut: https://www.freemalaysiatoday.com/category/bahasa/tempatan/2025/03/18/lembaga-pelabuhan-klang-masih-hutang-kerajaan-rm3-2-bilion/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #PortKlangAuthority #FederalGoverment #FinanceMinistry

Transcript

00:00The General Manager of Port Klang Authority revealed that it still owes the government

00:063.2 billion ringgit out of the 3.8 billion ringgit federal loan it received in 2013.

00:14The loan was extended to PKA to underwrite the cost of developing the Port Klang Free

00:20Zone.

00:21K Subramaniam said the PKA has been making the annual repayment of RM222 million to the

00:29finance ministry without fail since 2018, as per the loan agreement.

00:35He also revealed that in the last six years, PKA's annual deficit and surplus had more

00:41or less cancelled out each other.

00:44Subramaniam said PKA recorded a loss of RM600,000 in 2023, but its revenue is expected to surpass

00:53RM400 million this year with a RM10 million surplus.

00:58He said that PKA would be able to generate the RM400 million through better management

01:04of its land assets and improved port services, leading to higher returns.

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