Special financial zone can raise investments in Penang, says Guan Eng

Penang is no longer among the top five states for investment in Malaysia. – The Malaysian Insight file pic, September 19, 2023.

A SPECIAL financial zone (SFZ) in Penang can reverse the fall in approved investments in the state, which had dropped out of the list of top five states for investors in the first half of 2023, former chief minister Lim Guan Eng said

Citing a report by the Malaysian Investment Development Authority (Mida), Lim said Malaysia attracted RM132.6 billion (US$28.3 billion) in approved investments from January to June.

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