1,000 companies lose RM300mil to Penang floods

FMM Penang Branch chairman Datuk Dr Ooi Eng Hock (centre) with committee member SN Lee (left). - The Star filepic

GEORGE TOWN: Various industry players in Penang are staring at losses up to RM300mil after their factories were inundated by floodwaters over the weekend.

Some have even declared a “total loss” and will have to start anew while some may need to fork out a big sum to continue their operations.