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Penang's move to borrow money from China bank queried

Several Penang assemblypersons have raised concerns over a law which authorises the state government to borrow money from any bank to fund the Penang Transport Master Plan.

The law, dubbed the Loan (Bank and Other Financial Source) Enactment 2017, was unanimously passed by the state legislative assembly today.

But state reps questioned if the all-encompassing nature of the law would result in the state executive council “encroaching” on the powers of the legislature.


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