The Multimedia Development Corporation (MDC) has suffered losses amounting to RM124 million since it was established by the government in 1996 to spearhead the development and implementation of the Multimedia Super Corridor (MSC).

Parliamentary secretary to the Finance Ministry Hashim Ismail revealed the figure to malaysiakini at the Parliament lobby today.

Earlier in the House, he had replied a question from Dr Syed Azman Syed Ahmad Nawawi (PAS-Kuala Terengganu) o­n new measures by the government to realise the MSC project.