PENANG’s economic success is built on the strength of its dynamic business ecosystem, which includes small and medium enterprises (SMEs), innovative startups, and multinational corporations.
Chief Minister Chow Kon Yeow highlighted the critical contributions of each sector to the state’s vibrant and resilient economy.
He made these remarks during Affin Group’s Chinese New Year dinner at the Penang Marriott Hotel in George Town today.
“Affin has been a key player in the financial industry for over five decades, contributing significantly to Penang’s development,” Chow said.
He praised the group for its active support of Penang’s ecosystem in three key areas, starting with the SME Financing Solutions.
“Affin’s customised financing solutions empower SMEs to expand their operations and drive innovation.
“Secondly, the group’s commitment to sustainability projects supports initiatives aligned with Penang2030, the state’s vision for a balanced and green economy.
“Lastly, their high-value industry advisory offers tailored advisory services.”
“These efforts not only fortify businesses but also foster a resilient and inclusive economy that benefits everyone,” Chow added.
As Penang aims to attract more investments and strengthen its leadership in high-value industries, Chow urged Affin and other stakeholders to continue contributing to a sustainable and thriving future.
He called on all parties to embrace the opportunities presented by the Year of the Snake, a symbol of wisdom, adaptability, and renewal, by deepening partnerships, fostering innovation, and working toward shared success.
Chow also pointed out that 2025 will be a pivotal year for Penang, with several transformative mega-projects set to launch or progress under Federal and state government initiatives.
These include the Penang Light Rail Transit (LRT) Mutiara Line, Penang International Airport (PIA) Expansion, Penang Silicon Island Project and the Penang Silicon Design @5km+.
Affin Bank Bhd president and chief executive officer Datuk Wan Razly Abdullah shared that 2025 marks a major milestone for Affin as it celebrates its 50th anniversary.
“Over five decades, Affin has grown alongside our customers, safeguarding deposits, creating liquidity, supporting businesses, and enhancing lives.
“This year, we will commemorate our golden anniversary with a series of engaging events, impactful campaigns, and exciting product launches,” Wan Razly said.
The event, attended by hundreds of guests, featured vibrant traditional Chinese performances, a sumptuous array of dishes, and the symbolic Yee Sang tossing to usher in prosperity for the year ahead.
Story by Kevin Vimal
Pix by Siew Chia En
Video by Siti Nuratikah Rahmat