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[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 […]