http://thestar.com.my/metro/story.asp?file=/2012/8/25/north/11911461&sec=North
GEORGE TOWN: State Gerakan leaders are disappointed that Penang has
supposedly recorded a 70% drop in investments during the period of January
until May this year.
State Gerakan secretary Goh Kheng Sneah said from the statistics from
Malaysian Investment Development Authority (Mida) showed that Penang now ranked
seventh in Malaysia in the first five months of this year.
“Penang recorded only around RM1.1bil of the total proposed capital
investments for the first five months of this year. From our own calculations,
we are bracing for a lower inflow of investments this year. This reflects badly
on the state’s performance.”
Goh revealed that Malaysia was now ranked number seventh in term of
investments when compared to last year, where it held onto the top spot.
Besides that Penang also had investments which were approved in the past two
to three years which did not materialise, Goh said.
“Chief Minister Lim Guan Eng should have the details on the investments
which did not materialise. He (Lim) should do something before Penang’s economy
suffers a downturn,” he told a press conference at the state Gerakan
headquarters yesterday.
Goh also noted that he is 99.99% positive that the production line for the
handphone maker Blackberry is pulling out its manufacturing line from Penang.
“My sources informed me that the production line is pulling out and I would
like Lim to comment on that matter.”
Goh said he is willing to apologise to all Penangites if the information is
untrue.
“If the news is true, then Lim should do something to salvage the retention
of the production line and if he cannot then, he (Lim) should apologise to the
public,” Goh said.
Penang Gerakan vice-chairman Ong Thean Lye questioned the many overseas
trips incurred by Lim mostly to China and Korea.
“Can he tell us what kind of investments, he has obtained so far? I remembered
about two years ago, he (Lim) said upon returning from Korea that investors
were going to invest in a golf resort at Batu Kawan but until today we have not
seen anything,” Ong said
Ong was referring to the RM350mil golf resort that was proposed in 2008.
The project fizzled out after a memorandum of understanding (MoU), signed
between the Penang Development Corporation and South Korea’s DK ENC Company
Ltd, lapsed in 2010.
Ong also questioned Lim on what kind of investments and plans he has in mind
to transform the economy from relying on labour-intensive to a hi-tech
manufacturing hub.
http://www.thechoice.my/featured-articles/55348-new-statistics-show-drop-in-penang-investment-under-lge
Penang Gerakan has alleged that despite promises from the Chief
Minister that companies have secured approval from the State Government
to invest, many have so far failed to do so.
Statistics showed a drop by as much as 70 per cent to RM1.1 billion
in investment so far this year compared to the RM9.1 billion recorded
last year. Although the year is not yet over, such hesitance by
companies may seriously weakening the state's position.
"From the statistics we obtained from the Malaysian Investment
Development Authority (Mida), Penang is on the seventh position among
states in Malaysia," assistant secretary, Goh Kheng Sneah said on
Friday.
"By right, the chief minister should monitor all approved investment
to help improve the state's economy, but it looks like the state
government is not doing its work well."
Such remarks aren't the first to challenge the grand claims made by
Lim Guan Eng over just how much (or how little) he has achieved in
development since he took over the state.
Recently the Deputy Prime Minister set LGE the relatively simple task of challenging him to show his evidence.
"[Lim] said that only one month after becoming Chief Minister he had
brought in a huge amount of investment, so I want him to prove his claim
- as all this was the result of the efforts of the federal government
and the previous state government," Tan Sri Muhyiddin Yassin said.
The DPM's message was simple – that Guan Eng should not take credit
for initiatives that were achieved via the federal government – such as
the work done by the International Trade and Industry Ministry.
"Whatever there is in Penang now is the result of the previous state
government's contribution. We also want to know what he (Lim) has
contributed, especially in helping the people cope with the rising cost
of living," he said, in reference to the numerous initiatives that the
Government is orchestrating to help everyday Malaysians.
Indeed in some cases, the State Government in Penang is actively blocking investment.
Take the case of the Penang Port. Under Lim Guan Eng's watch as Chief
Minister, the port, one of the oldest in the country, was left to
decay. When the Federal Government stepped in to privatise and
regenerate the site to its former glory, the DAP-led State Government
forcibly blocked the attempt.
Putrajaya had awarded the regeneration project to Syed Mokhtar's
Seaport Terminal Sdn Bhd on the proviso that it would fund the dredging
work to upgrade the site. After all, why should millions in taxpayers'
money be spent on dredging when there are companies willing to spend
this money and also have the expertise required?
Yet the State Government wasn't so keen, arguing it would oversee the
project itself. Whether this was because it wants to waste taxpayers'
money itself or perhaps hand out lucrative tenders to its own chosen
contractors is unclear.
For the party that sells itself on being pro-business, DAP in Penang certainly seems to be confused on the matter.
http://www.thesundaily.my/news/471370
Posted on 24 August 2012 - 07:06pm
Last updated on 25 August 2012 - 11:59am
GEORGE TOWN (Aug 24, 2012): Penang
Gerakan claimed today that companies which had secured approval from
the state government to invest over the last three years had yet to do
so.
Its assistant secretary, Goh Kheng Sneah, said Chief Minister Lim
Guan Eng should tell the people the state of the industrial and economic
situation in Penang, and explain why companies which had secured the
approval of the state government had yet to invest.
He also said that statistics showed a drop by as much as 70 per cent
to RM1.1 billion in investment so far this year compared to the RM9.1
billion recorded last year.
"From the statistics we obtained from the Malaysian Investment
Development Authority (Mida), Penang is on the seventh position among
states in Malaysia," he told a news conference.
"By right, the chief minister (Lim Guan Eng) should monitor all
approved investment to help improve the state's economy, but it looks
like the state government is not doing its work well," he said.
Goh also asked the chief minister to verify a claim that a company
manufacturing mobile telephones did not intend to continue investing in
the state.
"If the claim is true, the chief minister should consider adopting
the appropriate measures to retain the investment in the state," he
said, adding that he was prepared to apologise if the claim was untrue. –
Bernama