PENANG will hold the inaugural Techfest2020, in addition to playing host to the World Congress on Information Technology (WCIT) 2020, both of which will take place in September next year.
Penang attracted RM8.8 billion of total approved manufacturing investment in Jan-Mar 2019, up 768% year-on year and has surpassed 2018’s full year amount of RM5.8b. Penang contributed 42% of Malaysia’s total manufacturing FDI during the period and its total approved manufacturing investment of RM8.8 billion is the highest among the states.
Penang State is taking multi-pronged approach to minimise the impact of US-China trade war on the overall local economy. At the same time, the trade war could create new business opportunities for Penang’s manufacturing industry.