Penang, Mutiara LRT, a game changer for Penang
GEORGE TOWN, May 22 — Chief Minister Chow Kon Yeow aims to leave Penang with RM1 billion in reserves by the end of his term in 2028, ensuring financial stability for the next administration. Speaking at the state assembly, he confirmed a RM100 million federal cash advance to offset this year’s deficit, repayable from 2027–2029. Penang’s 2025 surplus stands at RM78.2 million, with reserves at RM235.5 million. Despite deficits from 2020–2024, Chow highlighted the 2019 peak of RM1.15 billion, driven by land deals. He vowed to pursue Penang’s 20% federal tax revenue demand despite Putrajaya’s rejection.
Read More News on Latest Malaysia
Read More News on Business News Malaysia
Read More News on SG Business News
Read More News on World Future TV
Strong fundamentals support resilience in the banking sector.
Structured transitions help ensure long-term stability.
Analysts see upside for Greatech as record orders, data centre demand and improving execution support…
Mitrajaya’s earnings outlook remains positive, supported by stronger revenue recognition, data centre projects and steady…
Improving US-Iran negotiations and easing oil prices lifted global sentiment, while investors stayed cautious ahead…
Vietnam's General Secretary To Lam will visit Thailand, Singapore, and the Philippines from May 27…
This website uses cookies.