Rockets and spacecraft models on display at Tech Dome Penang in July
YOU probably have read about China’s space missions or even seen them on television. Now is the chance to get a rare insight into its aerospace programme at the Space Exploration Gallery at Tech Dome Penang. The China Science and Technology Museum has brought space models worth about RM1mil for the gallery in July. They […]
Malaysia’s participation in trade pacts left hanging in the air
KUALA LUMPUR (May 22): Malaysia’s participation in pending trade agreements such as the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is left hanging in the air until a new trade minister is named. “The new (Pakatan Harapan-led) government will have to decide whether Malaysia wants to be […]
Continental plans RM32.7m plant upgrade
CONTINENTAL Automotive Components Malaysia Sdn Bhd, an automotive component maker, plans to invest approximately €7 million (RM32.7 million) to transform its Penang plant into an advanced Industry 4.0 smart factory. The investments will include the expansion of the warehouse space and the research and development (R&D) centre to accommodate more engineers. “We expect this smart […]
NTPM to spend RM50mil on expansion
GEORGE TOWN: NTPM Holdings Bhd, the manufacturer of Premier tissue paper, is spending RM50mil to expand its manufacturing facilities in Vietnam and Penang this year. Group managing director Lee See Jin told StarBiz that the expansion would increase the group’s total production capacity to 170,000 tonnes per year from 110,000 tonnes. “In Vietnam, the capacity would be […]
From a journalist to CM
Small-sized, bespectacled and quite unassuming, this sub-editor always wore a careful smile in The National Echo newsroom in Penang more than 30 years ago. In fact, some of us had even nicknamed him “Mr Nice Guy”. Chow Kon Yeow, the new Chief Minister of Penang, was such a perfect gentleman that none of us would have thought […]
Transport plan tops CM’s list
NEWLY sworn-in Penang Chief Minister Chow Kon Yeow says the state will be “pushing further” for the approval of the Penang Transport Master Plan (PTMP). “We may not get the approval in 100 days. “However, we want to push further so everything can be ready when the plan is tabled before the Federal agency. “Everything […]
Elected reps all geared up to serve constituents
THE expansion of Penang International Airport, implementation of Light Rail Transit (LRT) and securing investment top the agenda of newly elected Bayan Baru MP Sim Tze Tzin. He said the airport needs to be upgraded and expanded to cater to the influx of tourists. “I will also look into ways to secure investment for the […]
Malaysia’s 2018 exports and imports to see growth
KUALA LUMPUR, May 7 — Malaysia’s exports and imports are expected to grow at 7.3 per cent and 7.5 per cent, respectively, this year, as external trade is expected to maintain its positive momentum, says JF Apex Securities Bhd. It said external trade would be driven by the manufacturing sector, backed by strong global trade […]
Plexus expands presence in Malaysia with acquisition of new facility
EMS provider Plexus is increasing its presence in Malaysia with the acquisition of a new 432,000 square-foot manufacturing facility in Penang. The facility is adjacent to Plexus’ existing Riverside manufacturing facility in Penang, and when combined will result in a 37-acre Riverside campus, a press release reads. “As part of our ongoing strategic planning process, […]
ViTrox poised to win more market share
ViTrox Corp Bhd (April 30, RM5.17) Maintain hold with an unchanged target price of RM5.24: ViTrox Corp Bhd remains upbeat and guided for another record-breaking quarter for its second quarter of 2018 (2QFY18). However, we remain neutral and opine that this is reflected in the current rich valuation. All product lines are projected to experience solid […]