Finally, Penang airport expansion plans set to take off
GEORGE TOWN: The Transport Ministry has outlined several short and long-term measures to address the lack of capacity at the Penang International Airport (PIA). Penang Chief Minister Chow Kon Yeow said this was conveyed in a written reply by Transport Minister Anthony Loke Siew Fook on Monday. Chow, who is also Tanjung MP, had asked […]
MITI forms task force to monitor US-China trade war
KUALA LUMPUR: The International Trade and Industry Ministry (MITI) has set up a task force in July to monitor and assess the developments of the United States-China trade conflict. The task force will also focus on formulating strategies to mitigate the trade protectionism impact and act as a focal point for stakeholders to present their […]
Kumpulan Perangsang Selangor unit buys Penang land to build EMS factory
KUALA LUMPUR (July 17): Diversified group Kumpulan Perangsang Selangor Bhd’s (KPS) indirect wholly-owned subsidiary CPI (Penang) Sdn Bhd is buying a 4.5-acre piece of land in Bayan Lepas Industrial Park, Penang for RM27.7 million, on which it intends to build a new electronic manufacturing services (EMS) factory. In a statement today, KPS said CPI has […]
IKEA to recruit staff for 200 new jobs at Penang store
KUALA LUMPUR (July 17): Swedish home furnishings retailer IKEA has launched a recruitment drive to fill more than 200 positions at its new store in Batu Kawan, Penang, which is scheduled for opening on March 28, 2019. The available jobs encompass full-time and part-time vacancies, including roles in sales, customer relations, food and beverage, logistics […]
Western Digital to close its iconic PJ factory
After over 20 years in operation, Western Digital Corporation announced that it will be shutting down its HDD (hard disk drive) manufacturing facility in Petaling Jaya, Selangor, by the end of this year. Western Digital (Malaysia) Sdn Bhd Managing Director Gouw Kim San says that the move is in response to the declining demand for […]
Penang to be first state in M’sia to use 100% led street lighting
GEORGE TOWN: Penang will be the first state in Malaysia to have 100% Light Emitting Diode (LED) street lighting by 2020. State Housing, Local Government, Urban and Rural Planning Committee chairman Jagdeep Singh Deo said this was part of efforts to fulfil the promises made in the 14th General Election (GE14) manifesto. He said it […]
Will JEP raise its cost competitiveness with new Penang plant?
SINGAPORE (July 13): Andy Luong, new controlling shareholder and executive chairman at JEP Holdings, says Singapore is not a cost-competitive location for a precision engineering firm like his. To improve JEP’s performance, Luong’s immediate plan is to move the operations of subsidiary Dolphin Engineering to a rented factory in Penang by the fourth quarter of […]
Penang-born Broadcom chief inks US$19b deal to buy software firm CA
NEW YORK: Broadcom Inc announced a $18.9 billion deal to buy U.S. business software company CA Inc on Wednesday, venturing far beyond its realm of semiconductors and testing investors’ confidence in its Chief Executive Tan Hock Eng’s dealmaking credentials. The CA deal, outlined in a joint statement from the companies, comes just four months after […]
Grooming state to be logistics hub
A STRONG logistics network is necessary to spur the growth of investments in the state. Chief Minister Chow Kon Yeow said the logistics providers in Penang not only supported local factories but also served the regional market, acting as international procurement or regional distribution centres. “In 2017, Penang recorded the highest approved manufacturing foreign direct […]
ICCL’s new regional distribution center will beef up connectivity in the halal logistics industry
BUKIT MERTAJAM: Integrated Cold Chain Logistics Sdn Bhd (ICCL), a leading total logistics company in the country, launched its new one-stop regional distribution and centre of excellence for the halal logistics industry. The RM51 million investment, as part of the company’s phase five development, was jointly launched by Penang Chief Minister Chow Kon Yeow and […]
Penang recorded RM1.02b investments in Q1 of 2018, says chief minister
BUKIT MERTAJAM, July 7 ― Penang has recorded total investments of RM1.02 billion in the first quarter (Q1) of this year, comprising foreign direct investments (FDI) of RM580 million and domestic investments of RM438 million. Chief Minister Chow Kon Yeow said as reported by the Malaysian Investment Development Authority, Penang recorded the highest approved manufacturing […]
US firms in Penang to stay, envoy says after Najib court cases
GEORGE TOWN, July 5 — American companies based in Penang will not be returning home despite the US presidential tax break offer and the change of government in Malaysia. US Ambassador to Malaysia Kamala Shirin Lakhdhir gave an assurance that her country’s companies, especially in the electronics and medical devices industries, will remain here after […]
Trade war between US and China may be an opportunity for Malaysia, says MITI minister
KUALA LUMPUR (July 5): Newly-minted Minister of International Trade and Industries Darell Leiking said the looming trade war that might be happening between the U.S. and China may present an opportunity for Malaysia to be a more significant trading partner with China. “China is a huge importer of our goods and we import a lot […]
AirAsia strengthens Penang hub with two new routes
TRAVELLERS can now look forward to more flights with AirAsia, which marked another milestone with two inaugural flights from Hanoi, Vietnam, and Phuket, Thailand, into its Penang hub at the Penang International Airport. AirAsia Malaysia Head of Commercial Spencer Lee said the airline was pleased to strengthen its Penang hub further with the two new […]
11th MP review to focus on FDI
KUALA LUMPUR: The 11th Malaysia Plan’s (11MP) midterm review will focus on sustaining the flow of foreign direct investment (FDI) into the country and will be tabled on Oct 18, says Economic Affairs Minister Datuk Seri Mohamed Azmin Ali. “The focus is on ensuring we can sustain FDI and we want investors to retain Malaysia […]