KUALA LUMPUR: Penang lost out on a multibillion-dollar foreign investment because it does not have enough experienced electrical and electronic engineers, state officials said.
The assertion could point to a worrying drop in Malaysia's international competitiveness. After all, Penang is dubbed the country's Silicon Valley.
Penang Chief Minister Lim Guan Eng told Parliament recently that the state lost US$3 billion (S$4.1 billion) worth of foreign investment because it could not 'commit to having 1,000 engineers'.
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