Penang shifting to high-value investments, digital economy to cut reliance on federal funds, says CM

🌐 Malay Mail (MY) — 2026-05-12

The Chief Minister of Penang announced a strategic shift towards high-value investments and a digital economy to reduce dependence on federal funds. This plan aims to invigorate the local economy and enhance tourism.

GEORGE TOWN, May 12 — The Penang government it focusing on high-value investments, tourism, the digital economy an...

Politics Markets Deals Travel Penang investments digital economy tourism federal funds

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Penang shifting to high-value investments, digital economy to cut reliance on federal funds, says CM

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