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

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 […]

SAM ramps up production

GEORGE TOWN: SAM Engineering & Equipment (M) Bhd (SAMEE) is ramping up production at its facilities in Penang and Singapore this year to fulfil its RM3.1bil order book. Group chief executive officer Jeffrey Goh(pic) said the US$20mil plant in Singapore was being equipped with machinery. “The plant, which produces engine casing for Airbus and Boeing, […]

Expanded capacity to drive growth

LEAD-frame manufacturer Amlex Holdings Bhd is looking at realigning its revenue sources by expanding its business in the automotive lighting segment. Its upcoming move to a new facility would help it meet growing demand for its products this year, says managing director Lim Say Soon. “We want to have a balanced contribution from our two […]

Penang – A hub for 5G RF chip production

PENANG is one of a handful of manufacturing sites in Asia with a 5G (fifth-generation mobile networks) radio frequency (RF) chip production facility. And the state has become an important production site for Mini-Circuits Technologies (Malaysia), a subsidiary of New York-based Scientific Component. It is now producing one million 5G RF chips a month for use […]

Press Statement by YAB Chow Kon Yeow on Penang Strategic Investment Advisory Council

PRESS STATEMENT BY YAB TUAN CHOW KON YEOW, CHIEF MINISTER OF PENANG ON THE APPOINTMENT OF THE PENANG STRATEGIC INVESTMENT ADVISORY COUNCIL  4 APRIL 2019 investPenang is the state’s investment promotion agency and total service provider to the manufacturing and services sectors. In order to support investPenang’s role to sustain, rejuvenate and further promote investment, […]