PenangPac faces imminent closure after losing financial lifeline

PenangPac faces an uncertain future after a 10-year partnership between The Actors Studio and E&O Berhad came to a premature end. E&O Berhad has withdrawn from the partnership, cutting off its patronage for PenangPac. Photo: Filepic

The fate of the Performing Arts Centre Of Penang (PenangPac) in George Town is hanging by a thread after funding partner Eastern & Oriental (E&O) Group recently pulled its support from the performing arts venue after 10 years of patronage.

“The withdrawal ends the rent-free arrangement for PenangPac in Straits Quay which was the main reason it could sustain until today and the basis of our initial partnership.