Investment magnet

According to data from the Malaysian Investment Development Authority (Mida), Penang notched up 47 projects in the third quarter 2020, which, together with projects approved in the first half of 2020, are expected to generate 9,137 new employment opportunities in the State

GEORGE TOWN: Penang has secured RM10.6bil worth of manufacturing investments in the first nine months of 2020.

Penang Chief Minister Chow Kon Yeow said the state attracted RM1.5bil for the manufacturing sector in the July-September period, with a remarkable 73% of the total amount contributed by domestic direct investments.