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Latest News
Penang Attracts RM2.53bil Investments
News From : DagangHalal.com (11/23/2010)

GEORGE TOWN: Penang retained its third ranking in the country after recording a total proposed capital investment of RM2.53bil in the first eight months of this year.

The state had moved to third spot after attracting RM2.25bil in investments up to end-July.

Chief Minister Lim Guan Eng  said Selangor topped the list with RM5.66bil for the eight-month period, followed by Johor at RM2.97bil.

During the same period last year, Penang took the fourth spot with proposed capital investment of about RM2.1bil.

But ranking is not important. What is more important is we want to secure high value, high-tech and knowledge-based investments.

Our target is to reach RM4.2bil by the year-end and we need to double our efforts to woo investors, he said after visiting the newly restored Logan Building yesterday.

The 140-year two-storey building owned by OCBC Bank (M) Bhd was restored at a cost of RM6.8mil.

- The Star Online

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