PENANG will continue to firmly support efforts by the federal government to plan and implement a sustainable national development agenda in line with the aspirations of the Madani Economy framework.

Chief Minister Chow Kon Yeow said Prime Minister Anwar Ibrahim has provided an additional RM15 billion to the RM400 billion allocation under the 12th Malaysia Plan (12MP) to eradicate hardcore poverty, address fundamental infrastructure and the basic needs of the people, ensure clean water supply and other efforts.

“The 12MP spending ceiling has taken into account the expectation that Malaysia will remain within the 3.5% deficit target by 2025, which is important for the country’s economic development, including in this state since Penang’s economy grew by 13.1% in 2022 compared to 6.9% in the previous year, with a GDP value amounting to RM112.1 billion.

“Usually, the manufacturing sector contributes to the highest economic growth, which recorded an increase throughout last year at 15.9% compared to 12.4% the year before,” he said at the state-level Malaysia Day celebrations at Dewan Millennium today.

The ceremony, held in a simple but lively manner with cultural performances of various races, was also attended by the Yang di-Pertua Negeri, Ahmad Fuzi Abdul Razak, and his wife Khadijah Mohd Nor.

The event began with the rendition of NegaraKu and the raising of the Jalur Gemilang as well as cultural performances by the various races. – Bernama, September 16, 2023.