SWCorp cash reserves inadequate, future sustainability in doubt
The auditor-general’s report has raised serious concerns over the financial sustainability of the Solid Waste Management and Public Cleaning Corporation (SWCorp) and its ability to sustain operations.
The report, presented in the Dewan Rakyat today, covers the 2023 Federal Agency Financial Statements and reveals that as of Dec 31, 2023, SWCorp’s cash reserves were insufficient to meet payments to creditors including its concessionaire company…
