PENANG has recorded an impressive RM103.28 billion in total approved investments across 2023 and 2024, reinforcing its position as a key economic driver for Malaysia.
Chief Minister Chow Kon Yeow highlighted that this achievement reflects the state’s steady growth in critical industries, contributing significantly to the nation’s economy.
“Although we did not rank first, securing RM31.38 billion in approved investments in 2024 is clear evidence that Penang is on a strong trajectory toward greater economic success,” he said.
Chow noted that ongoing shifts in the global economy, particularly the influence of the United States and China, continue to shape the economic landscape, affecting nations worldwide.
“Despite these challenges, we take pride in Penang’s accomplishments and look forward to the creation of numerous job opportunities in the near future.
“This progress will further strengthen Malaysia’s position on the global stage,” he added.
Chow delivered his remarks at the Datuk Keramat state constituency Chinese New Year Open House, held at the Taman Free School open field in George Town today.
The festive event brought together Datuk Keramat residents and visitors from beyond, featuring vibrant performances and a variety of local delicacies.
Deputy Chief Minister II and Datuk Keramat assemblyman Jagdeep Singh Deo, along with Penang Island City Council (MBPP) mayor Datuk A. Rajendran and other key state representatives, were also present.
Story by Kevin Vimal
Pix by Alissala Thian
Video by Siti Nuratikah Rahmat