Posts Tagged ‘Penang Investment’

Penang State is the first CAT government in Malaysia

Monday, June 2nd, 2008

Institution of Surveyors Malaysia (ISM) Northern Branch has recently organized its 15th anniversary dinner. The event was attended by more than 250 members of ISM and the guest of honor of the event was the newly appointed Penang Chief Minister Mr Lim Guan Eng. During the function when speaking to members of the ISM and guest, the Chief Minister acknowledged the role of the Surveying Profession within the construction industry comprises 4 main divisions ie GLS, PCVS, QS and BS and hopes to establish close relationship with professional bodies and invites qualified professionals to sit in the Penang Tender Board’s Committee.

The Chief Minister stressed that the new state administration of Penang is a CAT government, Competency, Accountability and Transparency and Penang will lead to be the first state government that adopts the CAT governing philosophy.

On foreign investments, Mr Lim disclosed that two foreign companies from Japan and USA have confirmed their investments in Penang. It was later reported in the media ie. Japanese firm invests RM1.2b and Honeywell to invest RM115m in Penang. The new administration hopes to achieve RM3.1 billion foreign investment this year.

Earlier, the state government has endorsed the Northern Corridor Implementation Agency Act which empowers the agency to implement plans for the Northern Corridor Economic Region (NCER) to speed up economic development in the region and federal projects in Penang. More at Penang supports NCER agency act.

To know more about Penang’s new Chief Minister, there is a blog that provides a compilation of media reports and press statements since March 2008, click here.

Guest and Members of the ISM Northern Branch at the 15th anniversary dinner..

Chief Minister of Penang YAB Lim Guan Eng addressing members of ISM