Finance Division

The Finance Division is responsible for ensuring that all of LADA’s financial dealings comply with Financial Procedures Act.

functions

• Creating and managing Development Funds, Trust Funds, Investment Funds and Reserve Funds
• Managing funds allocated by the Federal and State government :
  
  • Controlling any funds paid to the Board from loans granted.
  • Managing any profits from the course of projects or enterprises undertaken by the Board
  • Controlling any loans borrowed by LADA for the purpose of meeting financial obligations made by the Board
  • Preparing Quarterly Financial Performance Reports to the Treasury for projects undertaken by the Board for the Malaysia Plan (Rancangan Malaysia).
• Managing business expenses and payments, including :
  
  • Loans to certain parties designated by the Fund
  • Expenses incurred by the Board, such as consultant fees, legal fees, pensions and allowances, etc.
  • Expenses incurred by the Board in its performance of functions.
  • Land purchase costs for the erection of buildings or infrastructure
  • Loan payments, including principal and interest due