Penang does a slow-mo in GDP, Guan Eng told to buck up
Penang: Never, ever an economic backwater
1.8%. No need to buy new glasses: it is not 18 but one-point-eight per cent. That's how slow Penang GDP grew in the first nine months of the year, according to Deputy Finance Minister Donald Lim. I hope our economists will do a proper analysis on the latest numbers. Is it possible for the state's economy to do so badly so quickly? Just last year Lim Guan Eng claimed that his state had contributed the bulk of FDI into Malaysia. Read his Feb 2011 posting Only 6% of the population yet Penang contributes 36% of Malaysia's FDI in 2010.