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Friday, Jan 8, 2016

Malaysia

Penang not selling out to China: Chief minister

The Star/ANN | Friday, Jan 8, 2016

Lim Guan Eng, fourth chief minister of Penang, Malaysia and secretary-general of Malaysia's opposition party Democratic Action Party (DAP).

Photo: The Business Times

GEORGE TOWN - Chief Minister Lim Guan Eng has hit out at a blog for posting a statement that the Penang government was selling land to foreigners.

He said recent foreign direct investments (FDIs) were strategic projects to promote high-tech manufacturing and create 2,500 skilled jobs.

"If we bring in investments, it's wrong. If we do not bring in investments, also it is wrong.

"The land was sold at cost.

"FDIs create jobs. We're not selling out," he said.

Responding to the pro-Umno blog posting that Penang was "selling out to China", he said every state in Malaysia was actively wooing investors and Penang was no diffe­rent.

"These FDI projects are not real estate deals," said Lim at a press conference du­­­-ring a Penang Development Corporation's Christ­mas and New Year celebration lun­cheon.

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