GEORGE TOWN, Oct 7 (Bernama) -- Penang hopes Budget 2027 will bring good news regarding the proposal to establish the Penang Technology Financial Centre (PTFC) in collaboration with the federal government to strengthen the state’s technology ecosystem.
Business : Budget 2027: Penang Hopes For Good News On Penang Technology Financial Centre, 7 Projects Under RP2
Chow Kon Yeow, Budget 2027, PTFC, semiconductors,
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Key points
- Chief Minister Chow Kon Yeow said the proposal, previously known as the Penang International Financial Centre, has been renamed PTFC after a series of discussions and in response to feedback.
- “So, we very much hope that this budget will bring good news regarding our request to jointly establish the Penang Technology Financial Centre with the federal government,” he told a press conference at Komtar, here today.
- Chow said the state government, through the Penang International Financial Centre task force, had submitted a white paper on the proposal to the Ministry of Finance (MOF) in September following a brief discussion with Prime Minister Datuk Seri Anwar Ibrahim and a presentation to the ministry.
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