The world’s only GM who doesn’t know “cash flow projection”

The Port Klang Free Zone (PKFZ) is a 1,000-acre regional industrial park providing integrated commercial and industrial zone, located along the Straits of Malacca, Port Klang, Malaysia.

The Port Klang Authority (PKA) oversaw the project.

The original cost of setting PKFZ up was less than RM2 billion but that amount ballooned to more than double when the project was completed 4 years later.

On 2nd September 2009, the Public Accounts Committee (PAC) grilled former PKA general manager Datin Paduka OC Phang for more than 4 hours at the Parliament House.

Phang upon arrival

Conclusion: PAC chairman Datuk Seri Azmi Khalid said the financial management of Phang and her team were “weak and poor”, but the most amazing thing he said was:

She doesn’t even know what we mean by cash flow projection.

The general manager of a multibillion ringgit venture who does not know something that even small business operators regard as basic? Is such a thing possible?

The Star, 3rd September 2009

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