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

The Closure of the One Stop Centre (OSC) for Business Travellers

The game changing initiative will be phased out as Malaysia’s borders open on 1 April 2022 March 31 – Following the recent announcement made by YAB Dato’ Sri Ismail Sabri Bin Yaakob, Prime Minister of Malaysia, that the country is transitioning into the endemic phase, Malaysia is set to reopen its border for international travellers including […]

YBS Eyes RM200 Mil Top Line with Capacity Expansion

March 23 – SET for a fivefold capacity expansion from a RM45 million investment by FY2024, precision machining group YBS International Bhd will soon be able to produce roughly RM200 million worth of electrical connectors and other high-precision products — more than double its current annual turnover. The expansion of its manufacturing plant at the […]

Industrial Land Demand on Uptrend

March 21 – The Penang Development Corp (PDC) will develop between 100 and 150 acres of industrial land annually in Batu Kawan over the next three years. According to special adviser to Penang Chief Minister Datuk Seri Lee Kah Choon (pic), the demand for industrial land in Penang is strong. “Due to the pandemic, electronic […]

University, Industry Player Sign MoU to Accelerate Growth of Future Engineers

March 18 – UWC Holding Sdn Bhd, a subsidiary of UWC Berhad, an integrated engineering support services provider, today signed a Memorandum of Understanding (MoU) with Manipal International University to develop and nurture engineering students in the state. The signee representing Manipal was its vice-chancellor Prof Dr Patrick Kee, while for UWC Berhad was its […]

SME CEO Forum Empowers SMEs to Stay Ahead

March 18 – THE SME CEO Forum returns this year to boost business immunity and empower small and medium-sized enterprises (SMEs) with the knowledge to stay ahead. SME CEO Forum 2022, themed ‘Supercharging SMEs in 2022 and Beyond’, was held in conjunction with the Small and Medium Enterprises Association’s (Samenta) 35th anniversary. Organising chairman Calvin […]

MITI: RCEP Regional Trade Pact Comes into Force for Malaysia Today

March 18 — The Regional Comprehensive Economic Partnership (RCEP) agreement comes into force for Malaysia today, paving the way for the country to integrate into the world’s largest free trade agreement (FTA) that involves 15 countries, with a total population of more than 2.2 billion. The RCEP represents a significant milestone in the vibrant growth […]

Elsoft to Sell Property in Penang for RM38m

March 16 –  Elsoft Research Bhd is selling a property in Barat Daya, Penang for RM38 million, proceeds of which will be used for business expansion, a production facility, general working capital, and a special dividend. The group, via wholly-owned unit Siangtronics Technology Sdn Bhd, entered into an agreement with manufacturer of industrial equipment SRM […]

SEMICON SEA 2022 Returns to Penang with Focus on Supply Chain Sustainability

March 4 – AFTER a two-year hiatus due to the COVID-19 pandemic, SEMICON Southeast Asia – the region’s premier gathering of the semiconductor and microelectronics industry – is returning to the Setia SPICE Convention Centre & Arena in Penang. Focusing on supply chain sustainability and resilience, registration is now open for the event that will […]

[Press Release] AETM’S Confidence in Malaysia Results in The Setting Up of a 20,000 Square Feet Manufacturing Facility in Pulau Pinang

Pulau Pinang, 9 March 2022 – Applied Engineering Technology (M) Sdn. Bhd. (AETM) organised a grand opening ceremony for its manufacturing plant in Batu Kawan Industrial Park, Pulau Pinang today. The ceremony was officiated by Deputy Chief Minister 1 of Penang, YB. Dato’ Ir. Haji Ahmad Zakiyuddin bin Abdul Rahman and attended by Government officials […]

[Press Release] Penang’s 2021 Approved Manufacturing Investments Hit All-Time High of RM76.2 Billion

Penang, March 9, 2022 – Penang’s approved manufacturing investments hit a record high of RM76.2 billion in 2021, surged 440% year-on-year, driven mainly by the existing investors’ reinvestments into the State. Penang’s 2021 record significantly outpaced the past performances, exceeded the cumulative investments garnered from 2012 to 2020 (RM73.1 billion). According to the data from […]

[Press Release] ams OSRAM Cements its Presence in Penang by Expanding to a 60-acre Campus in Batu Kawan

Penang, 7 March, 2022 – The Penang state government is pleased to announce that ams OSRAM, a global leader in optical solutions, is expanding its presence in Penang. ams OSRAM (formerly known as OSRAM) is a pioneer multinational company that set foot in Penang since 1972. The company has selected a 60-acre site at Penang […]