Stadium management to be self-funding

KUALA LUMPUR, 1 Jan 2019: 

The Malaysia Stadium Corporation (PSM) will implement a comprehensive study on all aspects of its operation to emerge as a stronger and more competitive entity.

According to PSM in a statement yesterday, the study was to turn PSM into a self-sustaining agency and not tied to government financial aid.

The study would involve the re-evaluation of all current contracts for good supplies and services, and the middle and top structure of the agency.

According to the statement, PSM was also reviewing more than 70 contracts to enable a higher transparency in the supply of goods and services to the corporation.

Most of the contracts would become more effective if they were conducted internally and the planning had started and at the same time no exclusive rights were given to the contractors involved.

PSM had also decided that contract personnel, whose contracts ended on Dec 31, be given until Feb 15 as a ‘soft landing’ period to enable them to find other jobs, to prevent overlapping of the work of permanent and contract staff.

Other than reducing expenditure, the corporation had started the policy of boosting income via a bigger marketing and creative sales and events, said the statement.

PSM was also planning to hold bigger entertainment events at the National Stadium other than discussing with the Football Association Of Malaysia on increasing the number of matches at the KL Sports City. The number of events to be held at the Axiata Arena was also expected to be increased by 50%, said the statement.

PSM too was expected to announce the programme calendar for KL Sports City next month, and in this regards, the corporation would undergo an overall image changing process including website and the handling of the social media.

Towards this end, PSM would also introduce on-line bookings for all bookings of facilities and events.

– Bernama