Building Back Better: A Sustainable, Resilient Recovery for Malaysia’s E&E Industry
Dec 28 – The year 2020 has all the makings of a momentous year. The Covid-19 outbreak has sent global industries and economies into a tailspin, posted significant threats to the healthcare system, severely disrupted the supply chain and dampened consumer spending. In Malaysia, the Movement Control Order (MCO) kicked off on 18th March, and […]
Penang First State to Install Fibre Optic Infrastructure as Basic Utility, Says Committee Chairman
Dec 21 – Penang has emerged as the first state to enforce the installation of fibre optic communication infrastructure as a basic utility equivalent to water and electricity supplies. State Public Works, Utilities and Flood Mitigation Committee chairman Zairil Khir Johari said it was now compulsory for developers to install fibre optic telecommunications infrastructure in new buildings and […]
Building Tomorrow’s Talent for Industries of the Future
Dec 21 – The emergence of disruptive technologies, pursued after the Covid-19 outbreak, has intensified the world’s adoption of automation and digitalisation to embrace new ways of doing things. The pandemic has severely affected the economy and financial markets with significant reduction of income, rise in unemployment and disruption to both supply and demand in […]
Malaysia’s 2021 Economic Recovery Underpinned by Effective Vaccine Roll-out, Says World Bank
Dec 17 – Malaysia’s economic recovery in 2021 will be underpinned by the effective roll-out of a Covid-19 vaccine, according to the World Bank Group. In a press conference following the launch of its Malaysia Economic Monitor, World Bank senior economist Shakira Teh Sharifuddin said the growth next year would partly be driven by a […]
Malaysian Companies to Leverage on Opportunities from China’s Technological Rise
Dec 17 – Deputy Minister of International Trade and Industry of Malaysia YB Datuk Lim Ban Hong calls for greater collaboration in the area of high-technologies between Malaysia and China to further strengthen bilateral trade, investment, and economic cooperation. This is crucial in expediting Malaysia’s economic recovery due to the COVID-19 pandemic. This was what […]
Tech: US-based Chip Gear Giant Lam Research’s Largest Facility to be Built in Penang
Dec 9 – If you have ever wondered about the electronic devices we use every day, you may be surprised to learn that Lam Research is involved in nearly all the advanced chips built today. “Today, each leading-edge device that has any memory or logic chip in it has, at some point, been made using our […]
One Stop Centre for Business Travellers “Welcoming Investors, Keeping You Safe”
MEDIA RELEASE FOR IMMEDIATE RELEASE ONE STOP CENTRE FOR BUSINESS TRAVELLERS “WELCOMING INVESTORS, KEEPING YOU SAFE” PROGRESS UPDATES Kuala Lumpur, 30 November 2020 – The volatile global economy, afflicted by the COVID19 pandemic, has impelled most countries to implement assertive strategies to remain sturdy in economic well-being. Malaysia, as an open trading nation is not […]
Malaysia Records Total Approved Investments of RM109.8 Billion in the Economy, Creating 64,701 Job Opportunities for January – September 2020
Dec 1 – Malaysia recorded a total of RM109.8 billion worth of investments in the manufacturing, services and primary sectors for the first nine months of 2020. These investments involved 2,935 projects and will create 64,701 jobs opportunities in Malaysia. Of the total investments approved, domestic direct investments (DDI) accounted for 61.2 per cent, or […]
Singapore Airlines / SilkAir flight schedules from US to Penang International airport
We are sharing the Singapore Airlines / SilkAir flight schedules from US to Penang International airport: https://investpenang.gov.my/wp-content/uploads/2020/11/Singapore-Airlines-SilkAir-Flight-Schedule.pdf As more direct flights resume , we will provide further updates.
New Job Portals to Assist Technicians and Operators
November 18 – Manufacturing operators and technicians who are seeking job opportunities can check out two new job portals. The digital platforms – OperatorPengeluaran.my and Technicians.my – were built for manufacturing operators and technicians. It is also a place for manufacturing companies to select the right candidates for the jobs. The platforms were successfully provided, […]
[Press Release] Penang Garnered RM10.6 billion of Approved Manufacturing Investment in Jan – Sep 2020
Penang attracted a resilient RM1.5billion of approved manufacturing investment in Jul-Sep 2020, with a remarkable 73% of the total amount contributed by DDI. Meanwhile, Penang’s cumulative manufacturing inflows in Jan-Sep 2020 stood at RM10.6 billion, of which 83% of the amount was contributed by FDI, making Penang the second highest contributor in approved manufacturing FDI […]
Malaysia Signs RCEP, World’s Largest Free Trade Agreement
Nov 15 – Malaysia today signed the historic Regional Comprehensive Economic Partnership (RCEP) Agreement with 14 other RCEP Participating Countries (RPCs). Senior International Trade and Industry (Miti) Minister Datuk Seri Mohamed Azmin Ali described the signing as the highest point of the virtual 37th Asean Summit, led by Prime Minister Tan Sri Muhyiddin Yassin. Azmin […]
Malaysia Continues to be a Vibrant Manufacturing Hub, Recording RM65.3 Billion of Approved Investments in the Manufacturing Sector for Jan – Sept 2020
Nov 9 – Malaysia continues to be a competitive location for manufacturing projects. In the first nine months of 2020, a total of 740 projects worth RM65.3 billion were approved compared with RM56.0 billion in 669 projects in the corresponding period of 2019, representing an increase of 16.6 per cent in capital investments. These newly […]
Western Digital to Invest RM2.3b in Malaysia
Nov 5 – Western Digital, a leading digital storage equipment manufacturer, has decided to invest an additional RM2.3 billion to upgrade its facilities and boost its production capacity in Malaysia. “This was agreed on during a meeting between Prime Minister Tan Sri Muhyiddin Yassin and group chairman of Western Digital Malaysia, Datuk Dr Syed Hussian […]
Media Statement by The Chief Minister of Penang on 5 November 2020 at KOMTAR, George Town
To all my fellow Penangites, In view of the of the Conditional Movement Control Order (CMCO) in Mukim 12, Southwest District which would be enforced tomorrow from 6 November until 19 November 2020, I have had further discussion with the Director of the State Security Council Committee (MKNPP) to scrutinize the Standard Operating Procedures (SOP) […]
Mukim 12 under the Barat Daya district of Penang will come under a conditional movement control order (CMCO) from 6 to 19 November 2020
Mukim 12 under the Barat Daya district of Penang will come under a conditional movement control order (CMCO) from 6 to 19 November 2020. Detailed SOPs will be finalised and published by 5 November afternoon. Please check MBPP, Invest Penang website or Penang Lawan Covid-19 facebook for further details.
Malaysia Ranks Fourth in Cost of Doing Business Index — KPMG Study
Nov 3 – Malaysia is ranked fourth among seventeen economies in an assessment comparing the economy’s competitiveness as a manufacturing hub, outperforming others in the region such as China, Japan, Vietnam and India, according to a recent study by KPMG. “Malaysia is one of the most promising countries [to be a prime manufacturing hub for […]
Special Report: Medical Devices Industry is Penang’s Hidden Gem
Oct 20 – IT is not a widely known fact that Penang, famous for its thriving electrical and electronics (E&E) industry, also has a burgeoning medical device industry. The state is slowly gaining a reputation as a medical device manufacturing hub among world-class manufacturers. Its most recent investments include US company DexCom Inc, a global […]
Malaysian E&E Players Tread Carefully amid Tech Cold War
Oct 15 – As its name implies, a semiconductor chip is made of a material that conducts current, but not completely. The conductivity of a semiconductor lies somewhere between that of an insulator, which has almost no conductivity, and a conductor, which has almost full conductivity. In the years to come, Malaysian semiconductor and semiconductor-related […]
Four Strategies to Empower Penang’s Economic Recovery
Oct 12 – The Penang government has underlined four strategies to empower the state’s economic recovery under its Penang 2021 Budget. Chief Minister Chow Kon Yeow said the four strategies were to encourage investment and increase productivity as drivers of economic growth, to develop digital infrastructure and digital community towards sustainable resilience, to strengthen and […]
Comet Group: Manufacturing in Malaysia
The decision was made in November 2019: In summer 2020, on an ambitious schedule, Comet is to start manufacturing at its new site in Penang. The project team responsible is racing to make it happen. With good reason. In the semiconductor industry, few things count more than speed – and especially in Asia, the world’s […]
[Press Release] Penang’s Manufacturing Investment Inflows Remains Sturdy with RM9.12 Billion Achieved in Jan–Jun 20
Penang’s approved manufacturing investments performed steadily in the first half of 2020, recorded an inflow of RM9.12 billion. For 2Q20, the State captured RM2.02 billion inflows, up 452% year-on-year, marked a resilient industrial ecosystem even under challenging times. However, second half’s performance can hardly be on par due to challenges from COVID-19 outbreak. Penang, […]
Penang Government advocates talents to explore various high-quality job opportunities in the State
For Immediate Release Press Release Penang Government advocates talents to explore various high-quality job opportunities in the State The employment initiative from InvestPenang and JobStreet provides a platform for professionals and graduates to understand Penang’s thriving industry, and more importantly, to explore exciting job opportunities, created from the State’s strategic investment inflows. PENANG, 26 September […]
Iconic Worldwide Acquires 5.53-acre Penang Land for PPE Venture
Sept 21 – Iconic Worldwide Bhd will be acquiring a 5.53-acre plot of land in Penang for RM12.53 million as part of its expansion into the personal protective equipment (PPE) business. In a bourse filing, the company, which is involved in property development, hotel management, hospitality and healthcare supplies, announced that its wholly-owned unit Iconic […]
MMS Ventures to Go into Wafers
Sept 14 – MMS Ventures Bhd will diversify to produce semiconductor wafer inspection equipment in 2021. Group managing director TK Sia told StarBiz that MMS was currently talking to a China-based customer to produce semiconductor wafer inspection equipment. “If we seal the agreement in the fourth quarter, we can start production in the first quarter […]
Guidelines on Entry and Quarantine SOPs
In regards to guidelines on entry, we have further sought clarifications from NADMA and Immigration Department. According to NADMA, their guidelines will apply only for Malaysian residents Permanent residents. Reciprocal Green Lane (Singapore Malaysia) They are allowed to land in Penang airport and be quarantined in Penang. However, for individuals holding Employment Passes, the Immigration […]
DIGITAL GBS IS HIRING (PENANG EDITIION) MY PENANG MY WORKPLACE!
InvestPenang, in collaboration with MDEC will be organizing DIGITAL GBS IS HIRING (PENANG EDITIION) MY PENANG MY WORKPLACE! Join us on Thursday 27 Aug 2020 at 2.00 – 3.30pm to get the information on the digital jobs career awareness, upskilling opportunities and jobs expo. The goal of the event is to help the unemployed or […]
China Airlines Direct Flight to Penang
We are sharing the latest China Airlines flight schedules vis a vis international direct flights to Penang International airport. As more direct flights resumed , we will share those updates. For more info on guidelines on entry and quarantine SOPs refer: Guidelines on Entry and Quarantine SOPs China Airlines Flight Schedule for Sept 2020: Flight […]
Inari to Team Up with MIT to Supply Semiconductor Process Tools
Aug 18 – Inari Amertron Bhd is teaming up with Singapore-incorporated MIT Semiconductor Pte Ltd (MSPL) to set up a joint-venture firm in Malaysia to supply customised semiconductor process tools. MIT, a subsidiary of China-based MIT Semiconductor (Tian Jin) Company Ltd, is principally engaged in the design and assembly of semiconductor manufacturing process tools. Inari […]