GEORGE TOWN, July 30 – Penang has received increasing inquiries from Chinese companies seeking investment opportunities over the past year.
Penang Chief Minister Chow Kon Yeow said this surge reflects growing confidence in the region’s economic potential and business-friendly environment.
“Many Chinese companies are looking to invest in Southeast Asia, including Penang and Malaysia. At the moment, we do not see many successful investments yet, but we have received a lot of inquiries.
“It is possible that companies in China are cautious about bringing their investments outside their home country as it involves capital outflow,” he said in a press conference Monday.
