Ti Lian Ker
Jebat Must Die wrote that back in June this year, as a result of Lim's
own poor leadership, he sought help from the Federal Government to
re-categorise most of the state’s debt into a Federal grant.
SatD who was the first to highlight on the issue published an article
from The Edge Financial Daily on Penang’s state government agreement to
the water restructuring exercise which saw the state’s outstanding loan
of RM655.24 million from the federal government will be interest-free
and rationalised by alienating state land-related water assets to PAAB
for a period 45 years.
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