Two-month grace period for MPSP

Posted by YB. R.S.N. Rayer at 5:10 PM

THE Seberang Prai Municipal Council (MPSP) has only RM10mil in cash reserves and RM26mil in fixed deposit, which are hardly enough to pay its employees’ salaries of about RM54mil annually.

In revealing this, Chief Minister Lim Guan Eng gave a two-month ultimatum for the council to turn around its finances or council president Farizan Darus might have to face the music.