Audit: Lada's property development management performed poorly

The Auditor-General's Report 2022 found that property development management under the Langkawi Development Authority (Lada) has not yet achieved satisfactory performance as some private development and investment projects could not be completed within the set period.

According to the report on the activities of federal ministries/departments and federal statutory bodies (Volume 1) presented in the Dewan Rakyat today, the return on investment by the board also did not meet successful targets.

Lada was also found to be...