KUALA LUMPUR, Oct 14 (Bernama) – A proposal to allocate a portion of existing technology and semiconductor funds to Malaysian technology companies via the Penang Technology Financial Centre (PTFC) — thereby supporting Penang's development as the nation's technology financial hub — was among the points raised at the policy-level debate on the Supply (Budget) Bill 2027 in the Dewan Rakyat today.
Business : Allocate Existing Tech Fund To Support Penang's Financial Hub Development -- Chow
Parliament, Budget 2027, Supply Bill 2027, PTFC,
BE Bernama 
Key points
- Chow Kon Yeow (PH-Batu Kawan) proposed channelling technology funds for this purpose.
- “The objective is not to establish a new pool of financing, but to leverage existing capital to attract specialised technology financing providers and private investment,” he said.
- The proposal was among several measures put forward by Chow to establish the PTFC as Malaysia’s technology-based financial centre, with a focus on semiconductor supply chain financing, knowledge creation and Islamic finance.
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- Bernama Business : Allocate Existing Tech Fund To Support Penang's Financial Hub Development -- Chow (this story)
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