GEORGE TOWN, May 14 – The Penang state government has outlined the main components of its planned White Paper and Strategic Action Plan for the Penang International Financial Centre (PIFC).
Aimed at strengthening the state’s position as a regional financial hub in ASEAN. In response to a question by Bukit Tengah assemblyman Gooi Hsiao-Leung.
The Chief Minister said the framework will cover regulatory governance, incentive structures, infrastructure and innovation, human capital development, and market specialisation.
The plan will also include implementation timelines and strategic measures to ensure effective execution.
