Tuesday, January 24, 2012

LGE and half-truth statements that mislead the masses

Let me continue my rebuttal of some of the things that the Penang chief had stated, with his usual air of arrogance,since taking office, to mislead the masses, who may not analyse the statements in depth.

So, having read my fellow blogger's article on one issue, I pick a few points from his Blog:(outSyed the box), entitled "SHAME ON YOU GUAN ENG"


Guan Eng should stop claiming he helped settle RM630mil loan, says Donald Lim

The DAP-run Penang Government was only able to record a positive budget because it shifted its RM630mil debt to the Federal Government, said the Finance Ministry.

At last Deputy Finance Minister Datuk Donald Lim has spoken up quite clearly.

"Lim said Guan Eng should be ashamed for telling half-truths for cheap political mileage.

“It goes to show that Guan Eng's Competency, Accountability and Transparency policy is a mere gimmick,” he added.

According to the Finance Ministry, Penang's outstanding loan of RM655.25mil owed to the Federal Government was rationalised by alienating state land-related water assets to Perbadanan Bekalan Air Pulau Pinang (PABB).

Under the agreement, PAAB will become water asset owners after buying the water infrastructure from the states. In exchange for these assets, PAAB will assume Penang's outstanding Federal water supply loans of an equivalent sum."

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