Penang's economy slowing down, says Deputy Finance Minister

GEORGE TOWN: Penang's economy slowed down in the first nine months of the year, Deputy Finance Minister Datuk Donald Lim said. Compared with the state's Gross Domestic Product (GDP) growth of about 5% in 2008, the first nine months of this year showed a drop to 1.8%. He said the poor GDP record this year has put Penang in seventh position in the country, behind states like Johor which had a GDP of 6% that exceeded the national GDP. "I'm surprised that Penang has done so poorly. "He (Chief Minister Lim Guan Eng) should step up his efforts," Lim said at the Malaysian Economy and 2013 Budget forum here Saturday. The forum, organised by Penang MCA Bukit Gelugor division, was attended by some 300 people comprising of community leaders and businessmen.

tunku : this man think he had developed Penang in 3 years forgetting that he gets everything in a golden plate that is left by BN. if he is so successful why the drop now? answer CAT( corky arrogant tokong).