Penang attracted RM10.8 billion in approved investments in 2017, coming second to Johor, which topped the national list because of its flourishing oil and gas industry.

Chief Minister Lim Guan Eng said Penang fared about 150 percent better in 2017, compared with 2016, when it attracted only RM4.3 billion in investments, which were mainly focused on the manufacturing sector.

He said Penang's performance for last year, and for the past 10 years since his government took over the reins of the state, was "impressive"...