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View major news and upcoming events to explore Penang’s thriving key industries.

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 […]