Malaysiakini NEWS

Damning report on Pempena's dubious investments

Syed Jaymal Zahiid  |  Published:  |  Modified:

An independent audit company's probe into the controversy-ridden government tourism development company, Pempena Sdn Bhd, has shown that the company, despite its multi-million ringgit investments, has been performing poorly.

PriceWaterhouseCoopers (PWC) in its report, released to the press today, stated that as of June 2008, Pempena had invested a total of RM54.4 million in 24 companies but only four managed to generate profits.

Share this story


Welcome back,

Your subscription expires on

Your subscription will expire soon, kindly renew before

Your subscription is expired
  Click here to renew

You are not subscribed to any subscription package
  Click here to subscribe now

Any questions?
  Email: [email protected]
  Call: +603-777-00000