[Press Release] Penang Recorded RM13.3 Billion of Total Approved Manufacturing Investment in Jan-Sep 2019
Penang attracted RM13.3 billion of total approved manufacturing investment in Jan-Sep 2019, up 247% year-on-year and has surpassed 2018’s full year amount of RM5.8 billion. Penang contributed 23% of Malaysia’s total manufacturing investment in Jan-Sep 2019, which is the second highest among the states. Penang, December 3, 2019 – Penang continues to record robust approved […]
National Instruments in RM170m expansion of Penang ops
Thursday, 21 Nov 2019 12:26 PM MYT BY OPALYN MOK GEORGE TOWN, Nov 21 — National Instruments (NI) announced a US$40 million (RM170 million) expansion of its facility in Penang today. NI chief executive officer Alex Davern said this would include a second building next to its existing plant. “The new expansion will open up […]
The Trade War May Help Penang Return to Its Glory Days
The Malaysian state’s electronics industry thrives as Chinese manufacturers seek neutral territory. By Michelle Jamrisko and Anisah Shukry Penang’s pastel-hued, colonial-era buildings speak to the Malaysian island’s history as a key trading post for the East India Company, when spices filled its warehouses and the British and Dutch vied for dominance in the region. Today, […]
[Press Release] Smith+Nephew chooses Penang, Malaysia for new high technology manufacturing facility
British company expects to create up to 800 new jobs over the next five years PENANG, Nov. 19, 2019 – The Penang government and Smith+Nephew, the global medical technology business, are pleased to announce that Batu Kawan Industrial Park at Penang, Malaysia, has been selected as the location for a new Smith+Nephew high technology manufacturing […]
Trade war rejuvenates ‘Silicon Valley’ firms in Malaysia
PENANG, Malaysia (Reuters) – Years after resisting pressure to move to China, Lee Hung Lung says his bet has paid off. Sales at his Malaysia-based Hotayi Electronic are surging, it’s hiring more workers, considering an expansion, and picking and choosing orders. Lee is the founder and CEO of Hotayi, whose two factories manufacture and assemble […]
Chow leads Penang delegation to Armenia for WCIT 2019
GEORGE TOWN: Penang Chief Minister Chow Kon Yeow will be leading a state delegation to the 23rd World Congress on Information Technology (WCIT) 2019 at Yerevan, Armenia, from Oct 6 – 9. According to a statement by the Penang2030 unit, the highlight of the working trip will be the passing of the WCIT torch by […]
[Press Release] Official Launch of Global Business Services Focus Group (GFG) Logo and Formation of GFG Penang Chapter (5th Penang GBS Conference 2019)
YAB Mr. Chow Kon Yeow, Chief Minister of Penang officially launched the Global Business Services Focus Group (GFG) logo and formation of GFG Penang Chapter at InvestPenang’s 5th Global Business Services Conference 2019 today. The GFG’s Penang Chapter with InvestPenang as the lead agency, allows various stakeholders to have a platform to share information, ideas and […]
Penang targets RM10 bln in total investments in 2019
GEORGE TOWN, Aug 22 (Bernama) — The Penang government is eyeing RM10 billion in total investments by the end of this year, its Chief Minister Chow Kon Yeow said today. The target was almost double last year’s total investments of RM5.78 billion, he said. “We are cautiously optimistic that RM10 billion investments by end of […]
Penang expects to top RM10b in investments by year-end
GEORGE TOWN, Aug 22 — Penang Chief Minister Chow Kon Yeow today said that the state is expecting to top RM10 billion in total investments by the end of the year. He said this will almost double last year’s total investments of RM5.78 billion. “We are cautiously optimistic of recording RM10 billion investments,” he said […]
Penang CM leads delegation to US to boost trade ties
GEORGE TOWN: Penang Chief Minister Chow Kon Yeow is leading a delegation to the United States for an investment promotion mission until Aug 11. The mission will focus mainly on California in the west coast of the United States. Chow said the objective of this mission is to further promote Penang as the location of […]
[Press Release] InvestPenang Reveals New Brand Identity
InvestPenang Reveals New Brand Identity A new look conveys the agency’s evolution as it progresses steadily into the future. Penang, August 1, 2019 – InvestPenang officially unveiled its new logo to the public today. Launched by the Chief Minister of Penang, YAB Mr. Chow Kon Yeow, the new corporate identity reinforces the evolution and expansion […]
[新闻稿] 槟城投资机构推出新品牌标志
槟城投资机构推出新品牌标志
新的形像传达槟城投资机构的演变与稳步迈向未来
槟城, 八月1日, 2019 – 在槟城首席部长曹观友的推介下, 槟城投资机构今天正式向公众发布其新标志。[…]
Penang targets 10,073 jobs from foreign investments
Penang targets 10,073 jobs from foreign investments GEORGE TOWN, Aug 1 (Bernama) — The Penang state government is expecting 10,073 jobs to be created through foreign direct investments (FDIs) received within the first quarter of this year (Q1 2019). Chief Minister Chow Kon Yeow said that Penang received RM8.5 billion in FDIs in Q1 2019 […]
Techfest boost for IT congress
PENANG will hold the inaugural Techfest2020, in addition to playing host to the World Congress on Information Technology (WCIT) 2020, both of which will take place in September next year. Chief Minister Chow Kon Yeow said the 10-day Techfest2020 from 11 to 20 Sept, 2020, would be held at multiple venues within the state, mainly […]
Penang Recorded RM8.8 Billion of Total Approved Manufacturing Investment In Jan-Mar 2019
Penang, June 12, 2019 – Penang remained a favourable investment destination, amid the intensified trade and technology disputes between the United States (US) and People’s Republic of China (PRC) that created uncertainties on the global trade and economic outlook. According to MIDA, in Jan to Mar 2019 (1Q19), Penang successfully garnered 41 manufacturing projects amounting […]
[新闻稿] 槟城于2019年第一季度吸引88亿令吉的总制造业投资额
槟城, 六月12日, 2019 – 在美国和中国日益加剧的贸易和技术争端引发全球贸易和经济前景不确定的情况下，槟城仍然是投资者首选的投资目的地。在2019年1月至3月 (2019年第一季度)，槟城成功吸引41个制造业项目，总投资额达到88.5亿令吉（同比增长768%）[…]
[Press Release] InvestPenang sees opportunities in the US-CHINA trade war
Penang, May 29, 2019 – The intensified trade and technology disputes between the United States (US) and People’s Republic of China (PRC) has created uncertainties on the global trade and economic outlook. While the big picture seems negative, investPenang, the Penang state investment promotion agency, sees opportunities arising from the trade war for the manufacturers, […]
[新闻稿] 美中贸易战可为槟城带来新的商机
槟城, 五月29日, 2019 – 美国和中国之间的贸易和技术纠纷加剧，给全球贸易和经济前景带来了不确定性。虽然大局看似负面，但槟城投资机构认为贸易战对槟城制造业带来商机，特别是在电子电气和机器设备制造业。与此同时 […]
Penang Attracts Rm129.1 Billion Worth of Approved Investments in the Manufacturing Sector as At 2018
16 May 2019, Kuala Lumpur – Penang has consistently ranked among the top investment destinations in the country over the last five decades. As of 2018, MIDA approved a total of 4,084 manufacturing projects with investments worth RM129.1 billion for Penang. These projects have created over 516,600 job opportunities, mainly in electrical and electronics products, […]
Greatech seeks to raise RM73mil from IPO
KUALA LUMPUR: Greatech Technology Bhd is aiming to raise RM73.05mil from its initial public offering (IPO), alongside plans to expand its operations to the United States and China. The Penang-based industrial automation solutions provider is planning to take their expertise and technology to the Silicon Valley and Shanghai. Executive director and chief executive officer Tan […]
On track to becoming gigabit city
PENANG aims to turn the state into a gigabit city with fast Internet connection, said exco member Zairil Khir Johari. He said the state would facilitate the formulation of a Penang Connectivity Master Plan (PCMP) with guidance from the Malaysian Communications and Multimedia Commission (MCMC) and delivered by telecommunication companies. “Everyone wants a faster Internet […]
Shot in the arm for startups
THE Penang i4.0 Seed Fund programme, which began with an initial fund of USD1mil (RM4.13mil), has created technological entrepreneurs who successfully launched startup ventures, said Chief Minister Chow Kon Yeow. The programme, through InvestPenang and @CAT Penang, has created activities of product enhancement, marketing and branding, technical, product and design hires of the Fourth Industrial […]
Misconceptions about Penang
OVER the weekend, I had active discussions with my Penang friends who had migrated outstation and overseas over state affairs within the context of the Federation of Malaysia. The issues are important for Penang specifically and Malaysia generally. Misconception 1: Penang is stagnating and hasn’t been able to reinvent itself. The state remains dependent on […]
MaGIC reopens its accelerator programme for entrepreneurs
The Malaysian Global Innovation and Creativity Centre (MaGIC) is having an open call to entrepreneurs to take part in its latest Global Accelerator Programme (GAP). “The largest startup accelerator in South-East Asia is looking for you to join their next batch! After an evolution from five successful regional accelerators, we would like to invite you […]
Cisco Systems to increase investments in Malaysia
KUALA LUMPUR: Cisco Systems, a US-based technology company will be increasing investments at its Malaysian plant, said country manager Albert Chai. He said that this was due to higher demand for technology as well as digitisation adaptation. “Our plant in Penang is one of the five manufacturing hubs which contribute a substantial amount to the […]
Fertile ground for creative content
CREATIVE technology content is an industry that Penang is well-placed to tap into, considering the wealth of talent being produced here. That was the view of Chief Minister Chow Kon Yeow, who foresees plentiful opportunities forthcoming as the industry matures. He said this during the opening ceremony of Shanghai-based intellectual property creation company Left Pocket […]
Penang plans Digital Penang unit to keep pace with technology
GEORGE TOWN (April 10): The Penang Government plans to set up a unit called Digital Penang in keeping with the increasingly technological world, Chief Minister Chow Kon Yeow said today. He said the Penang Institute, a think tank, is conducting a study on digital transformation and it is expected to be presented to the state […]
State to host World Congress on IT next year
MALAYSIA has once again been chosen to host the World Congress on Information Technology (WCIT), after more than 10 years since it took place in Kuala Lumpur in 2008. And, Penang will get the honour of being the host state for the event from Sept 13 to 16 next year at Setia SPICE Convention Centre […]
Press Statement by investPenang Director Dato’ Seri Lee Kah Choon – 10 April 2019
GEORGE TOWN, PENANG – It has come to investPenang’s knowledge that there is information circulating in the social media stating partial closure, shutdown and layoffs by factories in Penang. investPenang has spoken to the factories listed and many denied the accuracy of the news. Many of these companies are listed locally and abroad and these fake […]