Federal funds sought to set up global financial hub

Bold move: Chow (second from left) holding up documents during the press conference at Komtar in George Town. — LIM BENG TATT/The Star

GEORGE TOWN: Penang is seeking federal support to create its very own global financial hub, says the Chief Minister.

Chow Kon Yeow said the Penang International Financial Centre (PIFC) would spur economic growth and also boost Malaysia’s reputation on the financial and industrial front.