Penang finances strong and stable - RM230mil revenue increase for 2018

Despite a small decrease in the state's coffers for the year ending 2018, Penang Governor Abdul Rahman Abbas has described the state's finances as "strong and stable", proof of its competency, accountability and transparency (CAT) policy.

During his speech to officiate the 14th Penang Legislative Assembly's Second Meeting today, Abdul Rahman said the state's financial account for 2018 has been submitted to the Auditor-General on Jan 16.

"The statement showed that Penang recorded a revenue of RM987 million compared to RM757 million in 2017 ....