Penang >>>

Investment up is my credit, investment down is previous BN government's credit.


Junior Lim is a tai chi expert, he can push every damn thing in Penang to other parties.

As the PDC Chairman, he could say this damn excuse to the media,”Why should I answer for blunder in the PDC consultancy Sdn Bhd (a subsidiary under PDC) chaired by Rosli?”

Why another PR state, Selangor can still maintain the number one position in investment if BN federal sabotages PR state governments? May be PR Selangor makes it by the sheer luck.

PR governments (other BN state governments also) are running pilotless governments like Pak Lah, they have no master plans for everything except talking cock every day.

Investments in Penang dropped to RM2.47b last year, says state BN

By Opalyn Mok

Ong explaining the chart showing the drop in investments in Penang. — Picture by K.E. Ooi

GEORGE TOWN, March 21 — Total investments in Penang last year dropped by 73 per cent, the state Barisan Nasional (BN) said today.

Penang has dropped to sixth position among all states in 2012, said Ong Thean Lye, political secretary to Gerakan president Tan Sri Dr Koh Tsu Koon.

“Penang used to be top in the list of investment in manufacturing and it has never dropped to sixth before,” Ong told a press conference.

In 2010, Penang recorded investments of RM12.24 billion and in 2011, it recorded RM9.11 billion.

“The total investment in 2012 is only RM2.47 billion,” he said.

“In the past five years, the state government has not implemented any major plans or blueprint to handle this decline in investment,” he said.

He said while the major foreign investors in Penang for the past three years came from the US, Japan, Germany and Netherlands but the state government was now concentrating on Korea, Taiwan, China, Hong Kong and Australia.

Batu Uban BN co-ordinator Goh Kheng Sneah claimed several foreign investors were also leaving Penang.

He criticised Penang Chief Minister Lim Guan Eng for not “understanding” the industry by focusing on attracting investors from Taiwan, China and Korea when investments from these countries were very few and little.

“The chief minister is very irresponsible,” he said.

Penang had topped the investment list in the country in 2011.

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