Independent journal on economy and transport policy
01:30 GMT+2
Penang Port to hand over ferry ops to govt
(New Straits Times)
June 5, 2009
GEORGE TOWN: The Penang Port Sdn Bhd (PPSB) is expected to hand over its loss-making ferry operations to the Federal Government.
Penang Port Commission chairman Tan Cheng Liang said yesterday PPSB had incurred huge losses since it took over the ferry services from the PPC in 1994.
“Plans are afoot to work out an exit for PPSB.” ...... Read more on New Straits Times
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