Penang’s FDI soars


Penang Chief Minister Chow Kon Yeow holding a piece of paper that contained the numbers of total investment in manufacuring sector during a press conference at Komtar on Tuesday (Dec 3). Flanking him from left state executive councilor yeoh Soon Hin and from right InvestPenang CEO Datuk Loo Lee Lian and Komtar assemblyman Teh Lai Heng. Picby:CHAN BOON KAI/The Star/3 December 2019.

PENANG has recorded RM13.3bil of total approved investments in the manufacturing sector from January to September, representing 23% of the country’s total manufacturing investments.

Chief Minister Chow Kon Yeow said the total investments, which was the second highest in the country, had also surpassed 2018’s full year amount of RM5.8 billion, which was a 247% increase.

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