Home Politics Penang Gerakan claims state gov’t not serious about foreign investment

Penang Gerakan claims state gov’t not serious about foreign investment

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GEORGE TOWN, March 26 – Penang Gerakan secretary Goh Kheng Sneah(Pic) today claimed that the state government did not seem to be serious about maintaining the inflow of foreign investment to the state and remained silent on the question of economic growth. He said the DAP-led state government had failed to explain the cancellation of the contract of a foreign company involving an investment of RM2.2 billion.

Goh-Kheng-Sneah-240x346“We want him (Chief Minister Lim Guan Eng) to explain the value of the inflow of foreign investment to the state between 2010 and 2012 and the investment targets for this year and the next two years.

“This is important because it involves the state’s economy and will have an impact on the people,” he told reporters. Last Thursday, Goh, who is the BN coordinator for the Batu Uban state constituency, and Penang Gerakan vice-president Ong Thean Lye alleged that investment in the state was valued at RM2.47 billion in 2012, down from RM9.11 billion in 2011 and RM12.24 billion in 2010.

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“We do not want the state government to be good at only sensationalising the inflow of uncertain foreign investment but conceal the number of investors who have left the state,” he said.

On another matter, he also dismissed a claim that the state government had attracted a foreign company to the state.

“There is no truth to the statement because the company in question has operations in China and not in Asean as claimed,” he said.

BERNAMA