YB. R.S.N RAYER - A.D.U.N. SERI DELIMA, PENANG

GEORGE TOWN: The Penang state government is setting up its own Penang economic action council (PEAC) to draw up strategies to counter the impact from the global economic downturn.

Chief Minister Lim Guan Eng, who held the first meeting of the PEAC on March 5, said the main objective was to be an advisory body and pro active party to help the state government during this downturn. "PEAC will help resolve problems and formulate short, medium and long term economic measures to ensure the stability of Penang's socio economic situation," Lim said at the launch of the PEAC.

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