Tuesday, May 22 2012
Penang attracts RM2.25bil in investments in seven months
Tuesday, 12 October 2010 08:43
PENANG Chief Minister Lim Guan Eng announced that Penang has managed to pull in over RM2bil in investments in the past seven months, surpassing last year's total investments. "With this latest investment figure, Penang is now ranked No: 3 behind Johor and Selangor in terms of Malaysia’s proposed capital investments.," he said in a press statement. However, he noted that Penang still has a long way to go before it reaches its target of RM4.2bil. Read here.

"In July alone, there was an increase of RM716 million of investment or an increase of nearly 50% in one month compared to the total investments for the first six months of the year," Lim said. Meanwhile, InvestPenang executive committee chairman Datuk Lee Kah Choon said he was confident Penang can reach its target by the end of the year. Read here.

"Gambling" money issue continues to haunt Guan Eng
There is no sign that the controversy will abate anytime soon. Penang Umno announced that it expects another 1,000 senior citizens to return the compassionate fund due to allegations that it came from gambling sources. "We expect about 1,000 senior citizens to return the compassionate money to their respective Umno divisions," said Penang Umno Youth chief Norman Zalahan. Read here.

Deputy Chief Minister I Datuk Mansor Othman told Umno to stop misleading the people regarding the source of the money. “It is highly disappointing to learn that there are quarters that have taken advantage of our senior citizens’ vulnerability and poisoning their minds about our noble efforts." Read here.

Lim Guan Eng said that the state government has yet to receive any returns, but said that he would not force anyone to accept the money if they didn't want it. "We do not lose out on anything. Only those who were deceived by Umno are at the losing end." Read here.

Teng stays
After weeks of public and ugly infighting, embattled Gerakan chairman Datuk Dr Teng Hock Nan survived a motion of no confidence, and remains chairman of the party. Party president Tan Sri Dr Koh Tsu Koon said after the decision, "This whole democratic process was conducted smoothly and now that the majority has spoken out, the minority must accept what has been decided." Read here.

Other news
  • SMEs need to transform: Nor Mohamed: Small and medium scale entrepreneurs (SMEs) need to keep up with advances and transform themselves to stay strong in economic circles and be able to compete globally. Read here.
  • Good governance and gender equality: Francis Loh reports on a landmark two-day conference in Penang that looked at where we are in the struggle for gender justice. Read here.
  • From a pimp to a pastor: Senior pastor of Penang Grace Assembly of God, Lee Wei Ming experienced an evil and dispirited youth of being a pimp when he was young. Read here.
  • Penang Hill train service to resume next year: The Penang Hill funicular train service is expected to resume using the new coaches early next year. Read here.
  • Struggling to buy first homes: An accountant with a multinational factory in Kuala Lumpur, Ursula Lee is still harbouring hopes of buying her first property in Penang. Read here.
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