Penang records country's highest investment inflow in 2023

Penang recorded RM71.9 billion in investment inflows in 2023 - the highest in Malaysia - driven by foreign direct investments which accounted for RM61.7 billion, or 85.8 percent of Penang’s manufacturing investment inflows.

Chief Minister Chow Kon Yeow said this was the result of the state’s transparent, investor-friendly and competitive economic policies.