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Penang is experiencing a notable surge in consumer tribunal claims as residents grow more aware of their rights. Authorities report 775 of 777 cases filed last year have been resolved, with home renovations and beauty services accounting for most disputes.
Prime Minister Anwar Ibrahim has urged Penang to capitalise on its economic strengths and emerge as a leading state for Bumiputera participation, announcing RM5 million in funding for semiconductor sector development.
Penang has engaged PricewaterhouseCoopers to develop a comprehensive white paper, strategic blueprint and action plan for a proposed international financial centre, expected to leverage the state's established electronics and electrical goods industry leadership.