PENANG continues its dedication to fostering a robust investment ecosystem, aiming to create an investor-friendly environment.
Chief Minister Chow Kon Yeow, speaking at the American Malaysia Chamber of Commerce (AMCHAM) dialogue luncheon, highlighted the enduring partnership with the United States, emphasising Penang’s commitment to supporting its presence.
“The United States has always been the state’s top five investors,” he said at the Eastern & Oriental (E&O) Hotel today.
He underscored the necessity for a dynamic ecosystem tailored to address the evolving requirements of industrial stakeholders.
Chow also highlighted the pivotal role of public-private partnerships in propelling the state toward a high-income economy.
“The state’s top priority is to maintain a dynamic environment that can support the needs of industries as they adopt new technologies and pursue growth.
“Importantly, we recognise that working together with both public and private sectors is crucial for us to become a high-income economy,” he added.
Expressing confidence in Penang’s limitless potential, Chow cited a track record of over five decades of industrialisation and affirmed the state’s role in global trade and investment.
He concluded by underlining Penang’s commitment to sustainable development, both in physical and digital infrastructure, and strengthening ties with AMCHAM through InvestPenang.
Among those present were US embassy Charge d’Affaires Manu Bhalla, Universiti Malaya (UM) Asia-Europe executive director Datuk Prof Dr Rajah Rasiah, First Solar managing director Datuk P’ng Soo Hong, Intel Malaysia Supply Chain & Operations managing director Chong Aik Kean, LAM Research International managing director Soon K. Kuek and AMCHAM chief executive officer Siobhan Das.
Story by Edmund Lee