GEORGE TOWN: It is official. Statistics released by the Malaysian Industrial Development Authority (MIDA) showed Penang hitting investments totalling RM10.2 billion in 2008, the highest-ever achieved in the state.

Penang Chief Minister Lim Guan Eng said the total investments were more than than double the RM4.7 billion achieved in 2007.

"This is the year-end report card. Penang recorded the highest investments from domestic investors totalling RM5.068 billion while foreign investors invested RM5.087 billion. "It is also heartening to note, that at a time when many companies are consolidating and retrenching workers, these investments will create more than 22,215 jobs beginning this year.