Deep in the red, but PR1MA can spend on charity and the press

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Breaking-of-fast events coupled with acts of charity during Ramadan by government ministries and agencies are a norm in Malaysia where VIPs can receive some publicity.This year, one particular government agency - PR1MA Corporation Malaysia, a statutory body with a mandate to build "affordable homes" for the middle-income group - has come under scrutiny for such activities.Critics say that PR1MA was being abused for political mileage at these events at a time when the company was suffering huge losses and, more importantly, legitimate home owners are suffering due to late deliveries.Based on the agency's latest available annual report, it has a debt bill of RM4,403,906,096 and made a loss of RM69,520,200 as of Dec 31, 2018. The number of home buyers who are affected by late deliveries are uncertain. Among those affected are buyers of Residency Tebrau in Johor and R…