Malaysiakini NEWS

Penang records stable inflow of FDI

Susan Loone  |  Published:  |  Modified:

Despite the challenging economic landscape, Penang continues to record stable inflow of foreign direct investment, said Chief Minister Lim Guan Eng.

Lim said that between 2008 and 2015, the state's FDI stood at RM36.7 billion.

"This is twice the amount of domestic investments recorded at RM18.3 billion,totalling RM55 billion,” Lim said in a press conference today.

Earlier, he had announced a new RM100 million investment from Scandinavian IBS (SIBS), a Sweden-based industrialised building system company to be set up in Penang Science Park in Batu Kawan.

Share this story

OR

Welcome back,

Your subscription expires on
  

Your subscription will expire soon, kindly renew before
  

Your subscription is expired
  Click here to renew

You are not subscribed to any subscription package
  Click here to subscribe now

Any questions?
  Email: [email protected]
  Call: +603-777-00000

Renew