Summary
- Penang seeks RM2 billion for Perak water transfer project.
- Technology finance centre projected to create 71,000 jobs.
- RM100 million fund to support semiconductor companies.
KUALA LUMPUR, October 14 — Penang Chief Minister Chow Kon Yeow has requested a RM2 billion federal grant for the state’s water transfer project from Perak, estimated to cost RM3.5 billion.
Speaking during the Budget 2027 debate in Parliament, Chow also outlined plans for the Penang Technology Financial Centre (PTFC), supported by a proposed RM100 million strategic investment fund.
He said PTFC could contribute RM12 billion to Malaysia’s economy and support more than 71,000 jobs over 15 years.
Chow urged stronger federal-state cooperation to improve technology financing, attract investment and secure long-term water supplies for Penang’s industrial growth.
Photo Provided By: Penang Chief Minister Office
