The Penang government has appointed PricewaterhouseCoopers Advisory Services Sdn Bhd (PwC) to prepare the key policy documents for the proposed Penang International Financial Centre (PIFC), marking a significant step towards establishing the state as a technology-driven financial hub. Chief Minister Chow Kon Yeow said PwC was officially appointed on June ... Read More

The Penang state government has clarified that the proposed Penang International Financial Centre (PIFC) remains a long-term aspiration, with no decisions finalised to date, including the location of any designated PIFC zone. In a statement responding to remarks by Bagan Member of Parliament Lim Guan Eng, the state government said ... Read More

Eastern & Oriental Bhd (E&O) is ramping up its development momentum with RM2.2 billion worth of property launches scheduled for the remainder of 2025, while also pitching its flagship Andaman Island in Penang as the potential site for the proposed RM10 billion Penang International Financial Centre (PIFC). Managing director Kok ... Read More

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 ... Read More

The Penang government has formally requested the Federal Government’s support for the establishment of the Penang International Financial Centre (PIFC), an initiative aimed at enhancing Malaysia’s global financial and industrial presence. A letter detailing the state’s commitment to the project was submitted to Prime Minister Datuk Seri Anwar Ibrahim on ... Read More