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

Citilink offers benefits for medical tourism to Penang

Low-cost air carrier Citilink is offering many benefits for passengers who travel abroad, particularly for medical reasons. This benefit applies to passengers traveling to Penang, Malaysia, for example. reported that the chief financial officer of Citilink, Fransetya Hutabarat, signed a memorandum of understanding (MOU) with Tan Seang Aun, the executive director of the Penang Center […]

BNM projects GDP growth at 5.5%-6%

KUALA LUMPUR (March 28): Malaysia’s economy is expected to grow at between 5.5% to 6.0% in 2018, underpinned by robust domestic demand and improving exports on the back of a global economic recovery, according to a central bank forecast. In the Bank Negara Malaysia (BNM) 2017 Annual Report released today, the central bank said strong private sector […]

BNM forecasts Malaysia 2018 export growth at 8.4%

KUALA LUMPUR (March 28): Malaysia’s 2018 gross exports are expected to grow 8.4% from a year earlier, supported by favourable demand from major trading partners, continued expansion in the global technology upcycle and broadly sustained commodity prices. Bank Negara Malaysia (BNM) said today in its 2017 annual report that Malaysia’s gross export growth will be […]

High-value jobs to boost growth

HIGH-value projects will pave the way forward for business growth at Prestige Dynamics Industries Sdn Bhd, a Penang-based plastic parts and components manufacturer. Prestige Dynamics chairman Tan Wee Ming says the company has started production of its high-value casing with electro-magnetic interference shielding (EMIS) quality for distance sensors used in automobiles. “These casings are made […]

Pentamaster plans dividend in two years

GEORGE TOWN: Pentamaster Corp Bhd (PCB) hopes to declare dividends in two years’ time on the back of a robust growth in its business following the recent listing of its 63.1%-owned automated solutions arm, Pentamaster International Ltd (PIL), on the Hong Kong Stock Exchange (HKEX). “At the moment, we need to use the cash reserves […]

Indonesian carrier commences maiden flight from Jakarta to Penang

GEORGE TOWN: Indonesian-based low-cost carrier Citilink today commenced its maiden flight from Jakarta to Penang International Airport (PIA). The four-star rated airline will be the 19th to operate in Penang. The maiden flight from Jakarta touched down at about 1.20pm and was welcomed with a rain shower from two water cannons to signify the inaugural […]

Recruiting firms use new age talent scouting

GEORGE TOWN: About 600 graduating students at a job fair here were subjected to a new era of talent scouting whereby they had to solve 10 mental and physical challenges. Among them was how to build shockproof armour for an egg with only straws and sticky tape as well as how to build a prototype […]

In tune with the times

THE Penang government is spending RM20mil for the conservation and renovation of the Penang State Museum @ Farquhar in Farquhar Street. The works which is expected to be completed in 2020 would include the restoration of the existing two-storey museum building and an extension to the building’s west wing. The project aims to restore and […]

Hilton finally sets foot in Penang with premium resort

GEORGE TOWN: The Hilton brand of hotels may be commonly found in all major tourist destinations and major cities, including in Malaysia, but there has never been one in Penang. That changed today with the launch of the American hotel chain’s first-ever property on the island, the DoubleTree Resort by Hilton. It is located at […]

Community building a major part of coworking

The place I walk into on Level 11 of Menara KEN TTDI in Taman Tun Dr Ismail is spacious and modern, with plenty of natural light and splashes of colour on the furnishings. I can smell the aroma of coffee, and taking a few steps further in reveals the source — a barista is preparing […]

Robots set to transform PR field

ROBOTS have entered the field of public relations (PR). They are artificial intelligence programmes that do data mining, work processes and research. “When processes and procedures are all automated for you, the future of the industry will be drastically changed from what we are accustomed to,” said Prof Dr Anne Gregory from the University of […]

Co-working spaces to help reposition market demand

KUALA LUMPUR: The co-working trend in Malaysia may help reposition demand for the oversupplied office property segment instead of reducing it, says real estate advisory firm Savills (M) Sdn Bhd. Savills executive chairman Datuk Christopher Boyd said this is because traditional workspaces — which meet tenants’ demand for modern facilities — can be easily turned […]

‘No water rationing in Penang for ten years’

GEORGE TOWN: Penangites can be assured there will be no water rationing for the next 10 years after the Penang Water Supply Corporation (PBAPP) completes the new Butterworth-Penang Island Twin Submarine Pipeline project. Chief Minister Lim Guan Eng said the RM125 million project comprises three packages, and that Package One has been completed. He said Package […]

Sowing seeds for tech growth

THE Penang i4.0 Seed Fund, a seed programme customised to fund early stage tech startups in Penang, has been launched. The programme initiated by the Penang government through investPenang and @CAT Penang, offers funding amounting up to RM150,000 to assist startups with innovative technology products and services to attain commercialisation. investPenang chief executive officer Datuk […]

Penang to build second digital library

GEORGE TOWN: Penang plans to build a second digital library in the state following the resounding response to the first one which was established around 18 months ago. Chief Minister Lim Guan Eng said the second library should be ready by year-end after an impressive number of young people had patronised the first one. “We […]

Penang duo are maths wizards of SEA

TWO years of dedicated hard work proved fruitful for two local SMJK Heng Ee students when they took first place in the 11th Regional Congress Search for Seameo (South-East Asia Ministers of Education Organisation) Young Scientists 2018 competition in the mathematics category. Wong Wai Kern, 17, who is in Form Five, said he and his […]

Making a mark on Batu Kawan

Plantation company Golden Land Bhd’s boardroom in its main office in Empire Tower Subang, into which we are ushered, is bright and neat. Not surprisingly, its chief operating officer Ng Heng Phai and executive director Jessica Yap, whom we are there to interview, are warm yet fastidious. For a bit of background, Golden Land (formerly […]

Malindo Air launches Penang-Banda Aceh flight

KUALA LUMPUR, March 15 — Malindo Air today launched its Penang-Banda Aceh direct flights, with a promotional all-in-fare starting from RM189 for one-way travel, inclusive of a 15-kilogramme (kg) baggage allowance. In a statement today, the airline said, the flights would depart thrice weekly — Tuesday, Thursday and Saturday — via the Malindo Air fleet […]

ViTrox on the prowl for M&A

SINCE its inception in 2000, Penang-based automated test equipment (ATE) manufacturer ViTrox Corp Bhd has relied solely on organic growth. This could change in the coming years as the group is on the hunt for mergers and acquisitions in a bid to enhance its earnings prospects. ViTrox was established with a capital of only RM20,000, […]

IATA expects 4.5% growth in air cargo demand in 2018

KUALA LUMPUR (March 14): The International Air Transport Association (IATA) expects a healthy 4.5% growth in air cargo demand this year, following a 9% growth in 2017. Speaking at the World Cargo Symposium in Dallas, IATA global head of cargo Glyn Hughes said there are great opportunities in e-commerce and the movement of time-and-temperature sensitive […]

Enhancing Penang-Medan business ties

PENANG will be organising a business matching programme for entrepreneurs from Penang and North Sumatera in conjunction with the annual Medan Fair in Indonesia. Organised by the Penang Development Corporation (PDC), the programme will be held on Friday at Hotel Emerald Garden International in Medan. Deputy Chief Minister I Datuk Mohd Rashid Hasnon said entrepreneurs […]

DHL Express launches inaugural passenger-to-freighter A330-300

KUALA LUMPUR: DHL Express has welcomed its first ever Airbus A330-300 aircraft at its Penang Gateway, making Malaysia the first country in the world to operate the first of its four A330-300s. In a statement today, the international express services provider said the A330 will join the DHL Express fleet under a new passenger-to-freighter (P2F) […]

Regus Malaysia Adds A Fourth in Penang

Written on 13 March, 2018 by investPenang  Regus Malaysia officially open the door of their latest addition here in Penang last week. The 4th centre located in SPICE Arena, Relau has office space of approximately 10, 465 sq. ft. YB Dato’ Haji Mohd Rashid bin Hasnon – the Deputy Chief Minister 1 of Penang – […]

Firm injects RM70mil into Penang

JLL MALAYSIA Sdn Bhd, a subsidiary of Japan Lifeline Co Ltd, is investing RM70mil in Penang over the next two years. The investment includes the manufacturing equipment and acquisition of a 1.6ha plot at Penang Science Park, Bukit Minyak, for the construction of a factory. The factory will produce medical devices for cardiac rhythm management, […]

Penang launch RM3.91m seed fund to aid young technopreneurs

GEORGE TOWN: Penang has formally launched a USD$1 million (around RM3.91million) seed fund to help identify young technopreneurs out there who can power the state’s Industrial 4.0 aspirations and cement the state’s place as one of the hi-tech locations in the world. In trying to consolidate Penang’s position as the “Silicon Valley of the East,” […]

CEVA opens new Penang cargo hub

CEVA Logistics has officially opened a new multi-user facility in Penang, Malaysia, close to Penang International Airport. The 70,000 sq ft facility includes temperature-controlled and ambient storage space, office space for in-plant customers, advanced materials handling equipment, an advanced warehouse management system and Customs stationed on-site to facilitate on-time clearance. It is located within the […]

Citilink to open Jakarta-Penang route as first step of expansion

Garuda Indonesia’s low-cost subsidiary Citilink is about to open a new route between Jakarta and Penang in Malaysia, marking the beginning of its planned expansion into the Southeast Asian region. The new service, set to begin on March 25, seeks to maximize economic potential by specifically catering to people traveling for business, tourism or medical […]

Penang booked RM10.8b investments in 2017, second most in country

GEORGE TOWN, March 8 — Penang more than doubled its total investments in 2017, hitting RM10.8 billion from RM4.3 billion in 2016. Penang Chief Minister Lim Guan Eng said the growth in investments is impressive when compared with the growth of the total national investment of about six per cent. “Penang is also the state with […]

Penang government launches upgraded disaster alert portal

GEORGE TOWN, March 7 — The Penang government today launched an upgraded online disaster alert system called “Penang Alert.” Penang Chief Minister Lim Guan Eng said the portal will provide early information of disasters and major incidents such as road closures and landslides to the public. “Penang Alert is an RM87,700 upgrade to the e-bencana […]

Varsities nurture love of STEM in schools

For some time now, very low numbers of students enter the science stream at secondary schools in the country compared to the arts. Universiti Penguruan Sultan Idris (UPSI) deputy vice-chancellor (research and innovation) Professor Datuk Dr Noraini Idris said that only 23 per cent of those in upper secondary school study pure science, indicating a […]