How Malaysia’s tech hub in Penang will help economy rebound from coronavirus pandemic

Malaysia’s technology cluster in Penang is helping drive an economic recovery that could see the country bounce back faster from the coronavirus pandemic than its peers in Southeast Asia.The northern state drew 6.8 billion ringgit (US$1.6 billion) of foreign direct investment in the first quarter – almost two-thirds of the country’s total – attracting new projects even as the pandemic disrupted global supply chains and dampened demand worldwide. Approved investments in Penang nearly doubled…

Read the original article at South China Morning Post