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Lada

Two witnesses provided testimonies on Lada property development woes: PAC

Finance Ministry deputy sec-gen and Lada CEO gave their explanations during a three-hour session today

‘Unresolved land status for St Regis stops Lada from collecting RM3.19 mil in lease revenue’

Failure to complete a land-ownership agreement between the Langkawi Development Authority (Lada) and INR Sdn Bhd for the St Regis hotel on the island resulted in a loss of RM3.19 million in uncollected land-lease payments.

Gagal meterai perjanjian tanah, tidak daftar pemilikan saham punca LADA gagal kutip hasil pajakan RM11.49 juta

Perjanjian yang tidak dimeterai antara Lembaga Pembangunan Langkawi (LADA) dan INR Sdn Bhd berhubung hak milik tanah Hotel St Regis Langkawi menyebabkan LADA tidak dapat mengutip hasil pajakan berjumlah RM3.19 juta.

Two MoF reps to testify at PAC proceeding on Lada’s underperformance

The A-G’s Report 2022 (Volume 1) released recently had found Lada’s performance unsatisfactory, including its failure to reach its targeted revenue in addition to weaknesses in the management of land leases. 

[UPDATED] A-G’s Report: PAC to quiz Finance Ministry on Lada issues

Parliament’s Public Accounts Committee (PAC) has summoned the Finance Ministry to provide testimony on issues uncovered by the Auditor-General’s (AG) Report 2022 (Volume 1) regarding the Langkawi Development Authority (Lada).
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