PENANG, May 28, 2021 – At its latest meeting chaired by the Special Investment Advisor to the Chief Minister of Penang, Dato’ Seri Lee Kah Choon, the members of Penang Manufacturing Industry Advisory Council have unanimously agreed, among others, the following efforts to support the government in overcoming the challenges as a result of the […]
May 27 – The Comet Group, a global leading innovative technology company, based in Switzerland with a focus on plasma control and X-ray technology, expanded their capacity with a new manufacturing site in Pulau Pinang, Malaysia. This important milestone looks to strengthen the Group’s presence in Asia to meet not only local demand but also […]
May 26 – The agriculture sector in Penang is expected to experience stable growth due to increasing local demand, especially during the Covid-19 pandemic, albeit only making up 2.2 per cent of the state’s gross domestic product (GDP). InvestPenang chief executive officer Datuk Loo Lee Lian said although the manufacturing and service sectors are currently […]
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May 17 – Despite being the final federal port in the peninsula to be accorded the free commercial zone (FCZ) status, without a doubt, Penang Port Sdn Bhd’s North Butterworth Container Terminal’s (NBCT) operations will be impactful, especially when its transshipment activities are in full swing. Penang Port CEO Datuk Sasedharan Vasudevan said even though NBCT […]
May 17 – DHL Express has replaced its Hong Kong-Ho Chi Minh-Penang route with a direct flight from its Central Asia Hub in Hong Kong to Penang on an Airbus A300 aircraft five times a week. This latest move, amid the explosive growth of e-commerce and shipment volumes growth in Asia including Malaysia and Vietnam, […]
May 11 – The state of Penang, nestled along the northwest coast of Peninsular Malaysia, needs no introduction in the global electronics manufacturing sector. Despite its diminutive stature with just over 1,000 square kilometers of land area and a 1.8 million-strong population, Penang commanded an estimated 5% of global semiconductor exports in 2019, according to data […]
May 3 – MALAYSIA is expected to grow its global business services (GBS) market size from US$1.3 billion in 2019 to US$1.5 billion (RM6.15 billion) by the end of 2024, based on a report from GlobalData Findings, said Malaysia Digital Economy Corp (MDEC) senior VP (investment and brand) and chief marketing officer Raymond Siva. “On that […]