Malaysia

Flying cars not a priority for Entrepreneur Ministry, PAC told

No RM20 mil investment made by its subsidiary, VTSB, to develop such tech, says chairman

Updated 5 years ago · Published on 03 Dec 2020 3:25PM

Flying cars not a priority for Entrepreneur Ministry, PAC told
Entrepreneur and Cooperative Development Ministry secretary-general Datuk Suriani Ahmad says the ministry is not focusing on developing flying cars or super drones. – Pixabay pic, December 3, 2020

KUALA LUMPUR – The Parliament’s Public Accounts Committee (PAC) has been told that the development of super drones or flying cars is not currently a priority for the Entrepreneur and Cooperative Development Ministry.

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

He said the matter was clarified by the ministry's secretary-general, Datuk Suriani Ahmad, when tabling the ministry’s follow-up action to PAC report last November 11.

"The presentation by the ministry 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 November 28, 2019," he said in a statement today.

He said the PAC is 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, Venture Tech Sdn Bhd (VTSB), to develop the 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 purpose related to flying cars,” he added. – Bernama, December 3, 2020

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