New licence a catalyst for Boon Koon Group
BOON Koon Group Bhd (BKoon) could see a new lease of life as it ventures into the hybrid and electric vehicle market. The company recently obtained a manufacturing licence from the International Trade and Industry Ministry (Miti) to assemble hybrid and electric-based passenger and commercial vehicles for the Malaysian market. Chief operating officer Dr Goh […]
Keysight Technologies Allocates RM500 Million To Expand Penang Operations
GEORGE TOWN, Nov 28 (Bernama) — Keysight Technologies, a global leader in electronic measurement technology, is investing RM500 million to expand its operations in Penang. Keysight Technologies Malaysia and Singapore President, Datuk Gooi Soon Chai, said the investment would be allocated for Phase One, that included hiring about 500 new workers especially research and development […]
Pensonic to introduce Internet-related products
New Straits Times PENSONIC Holdings Bhd is developing several new lifestyle products that are set to be unveiled early next year. Its chief executive officer Dixon Chew Chuon Jin said the products would be centred around Internet-computing and wearable devices. “We are tapping our research and development capabilities and will be introducing new brands for the […]
St. Jude Medical to expand production, services here
GEORGETOWN: St. Jude Medical Inc (SJM) is looking to expand its production and services activities in Malaysia by enhancing its product offering and developing a local vendor eco-system. The Minnesota-headquartered company, which develops medical technology and services for those treating cardiac, neurological and chronic pain patients globally, has an investment presence in Penang since 2011 […]
Toray goes ‘green’ in Penang
News Straits Times GEORGE TOWN: Japan’s Toray Industries Inc Penang operations are going “green” with the installation of an energy plant at its facility here. The move is expected to see the Toray Group of Companies in Malaysia saving energy by some 20 per cent and carbon dioxide emissions by approximately 30 per cent. In […]
Singapore, Penang step up investment links with new property project
SINGAPORE — Penang chief minister Lim Guan Eng today (Oct 14) unveiled a new mixed-use development project led by a joint venture of Singapore’s Temasek Holdings and Penang’s state development agency, Penang Development Corporation. This comes as both governments take further steps to strengthen their trade and investment links. Situated near Penang’s Bayan Baru Free […]
DHL Express invests RM10m for Penang expansion
GEORGE TOWN: DHL Express, the international express mail service provider, is aiming for positive growth next year following the expansion of its gateway in Penang to be Malaysia’s largest international express facility. Its chief executive officer for Asia Pacific Jerry Hsu said expanding the Penang gateway was a natural step in this evolution, given Penang’s […]
Accelerating Malaysia towards high-income nation status
The merits on whether incentives are effective in stimulating investments have long been debated. The World Bank has acknowledged that Malaysia has been successful in attracting foreign direct investments (FDIs) and achieving a high level of domestic private investments through the use of tax incentives. At the same time, it has been said that the […]
Penang embarks on RM27b transport masterplan with MRT, trams, water cabs
GEORGE TOWN, July 25 — Penang is looking for a partner to roll out its massive RM27 billion transport master plan that will integrate both land and sea networks, including an MRT system, to link both the island and mainland halves of the state. The state will call an open tender from August 15 to […]
Anti-dumping duty boost for Chin Well
INTEGRATED fasteners and wire rods manufacturer Chin Well Holdings Bhd has seen its European sales more than double following the anti-dumping duty imposed on China-made fasteners since 2009. Executive director Tsai Chia Ling says that with another five-year extension on the cards, the company hopes to grow its current European sales market to a maximum […]
Cashing in on creative content
PENANG-based digital interactive entertainment companies are positioning themselves with expansion plans and new products to tap into the growing market of the local creative multimedia industry, which is projected to grow to US$9.35mil (RM30mil) by 2016. According to Kamil Othman, vice-president of the creative multimedia division in the Multimedia Development Corporation (MDeC), local consumers are […]