Source: Just Read!
Foreign Direct Investments (FDIs) in Penang fell sharply in the past four years, from RM10.451 billion in 2010 to RM1.794 billion last year.
That was almost a 900 per cent drop.
Chief Minister Lim Guan Eng must explain; or at least clarify on the matter. There’s nothing to hide if there are truth to allegations that the Pakatan Rakyat-led government had done little to woo foreign investors to Penang.
GEORGE TOWN: Barisan Nasional today challenged Chief Minister Lim Guan Eng to show courage by admitting that foreign direct investments (FDIs) in Penang had fallen sharply in the past four years.
Addressing a press conference at the Gerakan office here, Penang BN chairman Teng Chang Yeow said the FDIs had dropped from RM10.451 billion in 2010 to RM1.794 billion last year.
He contrasted Lim’s alleged tendency to hide the truth with what he said was the transparent attitude of Gerakan’s Koh Tsu Koon, who was Penang’s chief minister when BN was in power.
He said Koh used to readily disclose FDI figures every year but Lim, in an attempt to paint an impressive picture, had totalled up the 2010-to-2013 figures to show RM20.517 billion.
“Koh would admit if there was a drop and acknowledge when there was a hike,” Teng said.
“Lim should emulate Koh in telling the truth.”
He said Lim was misleading the public in a ruse to justify his administration’s project to expand the Penang International Airport (PIA) with two runways and a cargo and maintenance hub.
Penang is not Kelantan. Barisan Nasional government had laid a strong foundation by establishing the country’s first free trade zone (FTZ) in the state during the 1970s.
If Teng’s allegations are true, Lim should take another look at his administration’s approach.