GEORGE TOWN, June 18 — Penang is hoping to record total investments of RM5 billion for 2021 after its outstanding investment performances in the last two years, according to Invest Penang.
Invest Penang Executive Director Datuk Seri Lee Kah Choon said Penang recorded a total investment of RM14.1 billion in 2020 and a record high RM16.9 billion in 2019.
For the first quarter of this year, Penang has already recorded RM1.1 billion in approved manufacturing investments that were derived from 40 projects.
Citing figures from the Malaysian Investment Development Authority (Mida), Lee said 52 per cent…
