Penang News

July 2012 PENANG NEWS
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Uproar over proposed port privatizationPlans to privatise Penang Port Sdn Bhd (PPSB) have come under fire from Penang politicians. The federal government announced that Seaport Terminal, owned by Tan Sri Syed Mokhtar al-Bukhary, has won a bid to take over PPSB. The Penang state government warned that such a move would turn the port into a mere “feeder port”, in spite of the state’s strength in trade and manufacturing, thus damaging its competitiveness. Meanwhile, Penang Barisan Nasional chairman Teng Chang...

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