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CM: Penang seeks federal backing for proposed international financial centre in Budget 2027
Summary by Malay Mail
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CM: Penang seeks federal backing for proposed international financial centre in Budget 2027
GEORGE TOWN, Aug 19 — Penang is hoping for its proposed international financial centre (PIFC) to be approved under Budget 2027.Chief minister Chow Kon Yeow said the state hopes to pitch the proposed PIFC to the Finance Ministry with the white paper prepared by an appointed consultant.“The purpose of the PIFC is not to compete with Kuala Lumpur, Labuan or Johor SEZ, but we need to differentiate the financial centre in Penang based on our strong f…
·Petaling Jaya, Malaysia
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