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Penang sets up economic action council

PENANG, 5 March 2009: The Penang government has set up a state economic action council (SEAC) which will advise the state government on tackling the current economic crisis.

Chief Minister Lim Guan Eng said the SEAC would identify current economic issues at the state level, make recommendations, and draw up strategies and an effective action plan to tackle all issues.

“The council was also set up to regain the public’s and investor’s confidence in the state’s economy,” he said when launching the council today.

In addition, he said the council would also monitor the decisions made and adapt where necessary.

The council is chaired by Lim with members comprising five state executive council members, heads of government departments, state statutory bodies and representatives from the private sector. — Bernama


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