Penang ‘a top draw for investors’


PENANG is not only a holiday resort but also an attractive investment centre for foreigners. 

State Local Government, Traffic Management, Infor-mation and Community Relations Committee chairman Datuk Dr Teng Hock Nan said besides luring tourists, Penang had attracted foreign retail industry investments. 

“Penang is famous as a world class hub for manu-facturing. We are happy that retail companies like Makro have full confidence in our economy,” he said after relaunching Makro in Penang on Tuesday.  

Makro Cash and Carry Distribution (M) Sdn Bhd managing director Pieter Boone said Makro’s target customers were not end-users but small businesses and retailers as well as caterers and professionals in the service sector. 

“Our aim is to support the small and medium-scale businesses by providing them low-price stock in large volumes,” he said. 

Dr Teng buying some durians at the store.With him is Boone(second left.

He added that the store concept was changed for greater visibility of merchandise and easier access for customers. 

“Through our free membership card system, we are able to keep track of our customers’ activities and get valuable feedback from them from time to time,” he said.  

“The company, with eight stores in West Malaysia, is now looking for expansion opportunities in East Malaysia such as Kuching and Kota Kinabalu,” Boone added. 

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