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There is no government more stupid than Penang PR government..why?

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The DAP exco claimed state government gains RM200 million asset from the sPICE project.

I figure out how they came out such a silly argument, SP Setia invests RM250 million for sPICE and MPPP gives RM50 million free money. According to the “smartest” DAP politician, net asset gain for the state government is RM200 million. (250 minus 50 million).

By this DAP logic, all assets invested in Penang are owned by the state government although the profits earned never reach the MPPP and state government.

How on earth you call something as your asset if you are not the shareholder?

In reality, the state government only receive an old exhibition mall after 30 year later. By the normal accounting standard, the value of the building is ZERO. It’s a liability, not asset for state government!

Do you want this kind of DAP politicians to run your government?

Basically, Penangites (and other Malaysians from other states) have no choice because PR politicians are slightly less stupid than BN politicians.

Report lodged with MACC on ‘lopsided’ sPICE deal

GEORGE TOWN: Penang Barisan Nasional has lodged a report with the Malaysian Anti-Corruption Commission (MACC) alleging irregularities […]