Summary
- Chief Minister Chow Kon Yeow delivers closing winding-up speech.
- Budget 2027 debate covers state finances, infrastructure and economic development.
- State outlines investment priorities, GLC reforms and public welfare initiatives.
GEORGE TOWN, November 5 — Penang Chief Minister Chow Kon Yeow delivered his winding-up speech at the State Assembly on Thursday, concluding the government’s responses to issues raised during the Budget 2027 debate.
Chow addressed state finances, economic development, infrastructure priorities and public welfare, emphasising responsible spending and sustainable revenue management.
He outlined plans for a proposed RM150 million technology investment fund, restructuring 18 government-linked companies into 11 strategic clusters and strengthening Penang’s technology financing ecosystem.
The debate also covered affordable housing, transport connectivity, flood mitigation, tourism development and public infrastructure.
Chow reaffirmed the state’s commitment to balancing economic growth with public welfare and long-term financial sustainability.
He also highlighted efforts to strengthen financial transparency, improve government-linked company performance and expand investment opportunities.
The chief minister stressed that Penang’s development priorities must deliver meaningful benefits to residents while supporting the state’s long-term economic resilience.
