Penang banking on reinvestments amid pandemic

Ragananthini Vethasalam

Penang is among top five states with the highest foreign direct investment in the last decade. It is looking to existing investors for reinvestments amid the Covid-19 pandemic. – The Malaysian Insight file pic, August 2, 2020.

PENANG is vying for reinvestments, special investment adviser to the Penang chief minister, Lee Kah Choon said on the state’s outlook amid the Covid-19 pandemic.

“I am comfortable with Penang’s prospects this year as we are likely to see more reinvestments from investors who are already here,” the InvestPenang director told The Malaysian Insight.

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