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Author: savemalaysia   |   Latest post: Mon, 25 Jan 2021, 7:33 PM

 

'Flying car' not MEDAC's priority — PAC

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KUALA LUMPUR (Dec 3): Parliament’s Public Accounts Committee (PAC) has been informed that the development of super drones or flying cars is not the priority of the Ministry of Enterpreneur Development And Cooperatives (MEDAC) at the moment.

PAC chairman Wong Kah Woh said the ministry is instead focusing on entrepreneurship development, especially for small and medium enterprises (SMEs), and micro businesses.

He said the matter was clarified by MEDAC secretary-general Datuk Suriani Ahmad when tabling the ministry’s follow-up action to the PAC report on Nov 11.

"The presentation by MEDAC to the PAC was made following recommendations in the PAC report on the development of air mobility, which was tabled in the Dewan Rakyat on Nov 28, 2019," he said in a statement today.

He said the PAC was satisfied with the National Audit Department’s audit of the Malaysian Industry-Government Group for High Technology (MIGHT) and found that no investment of RM20 million was made by its subsidiary VentureTECH Sdn Bhd (VTSB) to develop flying cars.

"The PAC also found that the VTSB investment agreement document had clearly provided that the RM20 million investment by VTSB could not be used for purposes related to flying cars,” he added.

 

https://www.theedgemarkets.com/article/flying-car-not-medacs-priority-%E2%80%94-pac

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