BN plans limited duty-free zone for Penang
Posted on 28 May 2012 - 09:16pm
Last updated on 29 May 2012 - 08:42am
Himanshu Bhatt
newsdesk@thesundaily.com
GEORGE TOWN (May 28, 2012): The proposal to restore the free port status for Penang, announced by newly appointed state Barisan Nasional chairman Teng Chang Yeow recently, may not cover the whole island after all.
The state BN political committee today discussed a proposal to designate a duty-free zone on a proposed 1,210ha reclaimed area under the Penang Port on the mainland.
Committee member Datuk Seri Dr Hilmi Yahaya, who is also Penang Port Sdn Bhd chairman, said the plan would site a CIQ (customs, immigration and quarantine) zone that would bring economic spin-offs to the state.
The designated duty free zone includes a halal hub, a commercial complex, a ...