Penang Institute to shortlist proposals for PIFC

Final review underway for Penang International Financial Centre proposals

The Penang Institute is in the final stages of reviewing and shortlisting proposals for the establishment of the Penang International Financial Centre (PIFC), a strategic initiative aimed at boosting the state’s role in global finance. Chief Minister Chow Kon Yeow said PIFC is expected to attract capital inflows, foster financial innovation, and strengthen Malaysia’s semiconductor and high-tech sectors. “This initiative, driven by the Penang Ins…

Penang Institute to shortlist proposals for PIFC

THE state think-tank Penang Institute is in the final stages of reviewing and shortlisting proposals for the establishment of the Penang International Financial Centre (PIFC), Chief Minister Chow Kon Yeow announced.   According to Chow, PIFC is expected to play a vital role in attracting capital inflows, fostering financial innovation, and reinforcing Malaysia’s semiconductor and...