News & Events


Withholding Tax Exemption

2017 Oct 26

As published by the Attorney General's Chamber (AGC), Minister of Finance II has provided ministerial exemption on the recent changes to the Withholding Tax on services performed overseas


Penang tops in manufacturing with RM7.7b investments

2017 Oct 20

Penang topped the national list in approved investments of RM7.7 billion in the manufacturing sector for the first half of 2017.


Toray sets up new unit in Penang

2017 Oct 19

Toray Group (Malaysia), wholly-owned by Toray Industries Inc, Japan and one of the pioneers of Penang’s industrialisation programme, has expanded its business operations in Penang with the establishment of yet another company, namely Toray Malaysia Systems Solution Sdn Bhd (TMS).


TORAY establishes IT excellence centre in SPICE

2017 Oct 12

Toray has successfully established Toray Malaysia Systems Solution (TMS) Sdn Bhd with MSC status based in Penang to provide “Global Business Service” to its group of companies locally and abroad.


Vitrox investing RM130mil to expand ops

2017 Oct 09

Vitrox Corp Berhad will invest RM130mil to expand its operations this and next year in view of the growing demand for its test equipment and systems.


Envoy: Penang has what it takes to lure MNCs

2017 Oct 06

The US Ambassador to Malaysia is optimistic that the business climate in Penang will continue to attract more multinational corporations to the state, with some existing ones planning on expansion.


US Ambassador: More American companies looking to invest in Malaysia; existing companies to expand their businesses

2017 Oct 05

Several prominent American companies, currently operating in Malaysia, are looking to expand their businesses with further investments on the cards soon. United States Ambassador to Malaysia, Kamala Shirin Lakhdhir, said new American companies have also expressed their intentions to invest in Malaysia in general and Penang in particular.