Amid a plunge in the number of approved investments in Malaysia, Penang registered the highest level with RM7.7 billion worth of investments, according to Malaysian Investment Development Authority (MIDA).

In welcoming the news, Chief Minister Lim Guan Eng said Penang registered 45.29 percent of the total RM17 billion investment in the country.

He compared the figure with last year’s RM4.3 billion in total approved investments for Penang...