BUTTERWORTH: Penang Chief Minister Chow Kon Yeow expressed openness to supporting economic initiatives such as the creation of a special financial zon...
: Penang Chief Minister Chow Kon Yeow expressed openness to supporting economic initiatives such as the creation of a special financial zone in the northern region.
“I have asked Penang Institute to study the SFZ but there are no details yet on how it will be done. Any new initiative for the economy will benefit the state but it is under federal jurisdiction because it involves taxes and incentives. On Aug 25, Prime Minister Datuk Seri Anwar Ibrahim announced that the government would establish a SFZ in Forest City, as well as incentives which include multiple entry visas, fast-track entry for those working from Singapore and a flat income tax rate of 15 per cent for skilled workers.
Lim said Penang now has a critical mass with a mature manufacturing industry base, this will drive development and boost the growth of the service sector, not only in the northern region but for the whole country.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chow tells affordable housing developers in Penang not to force renovation packages on buyersGEORGE TOWN, Sept 21 — Penang developers have been told by the state government today not to force buyers of the state’s affordable housing units to take up additional...
Read more »
Johor govt should consider setting up unity govt secretariat in the state, says deputy ministerKULAI: Johor should consider forming a unity government secretariat at the state level as seen in the Federal Government, says Teo Nie Ching.
Read more »
Stephen Chow reunites with Chinese star Xu Jiao, who played his son in 'CJ7'Hong Kong media reported that Chow has interest in creating a 'CJ7' sequel in which he plans to have Xu Jiao play the role of a mother.
Read more »
Stephen Chow Reunites with Actress Who Played His Son in CJ7 on Movie’s 15th Anniversary!Do you remember watching the childhood classic Chinese movie, CJ7? Well, that adorable boy in the Stephen Chow film has officially transitioned into a woman. Chinese director and actor, Stephen Chow, took to his Instagram page to showcase the reunion of himself and Josie Xu (formerly known as Xu Jiao), the actress who played his […]
Read more »