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

[Press Release] Promising growth in GBS sets the stage to propel Penang’s digital economy sector

According to GBS Malaysia Strategy Report 2022-2027, GBS industry in Malaysia is expected to grow at a 5-year CAGR of 6.2% to US$6.7 billion by 2025, placing Penang on the right track to deepen its penetration in the digital GBS and emerging tech sectors like cloud computing, IoT, AI, data centre, cybersecurity and advanced robotics. […]

InvestPenang’s Inputs for Budget 2023: Targeted Workforce Initiatives for Sustainable Impacts

Last year (2021), Penang has recorded stellar performance in the approved manufacturing investments, with a record-breaking figure of RM76.2 billion. In the first quarter of this year (2022), Penang clocked in RM6.3 billion of approved manufacturing investments. In Jan 2021 – Mar 2022, the projects garnered are expected to generate more than 20,000 job opportunities […]

[Press Release] Ground-breaking Ceremony for DHL New HUB, Bayan Lepas, Pulau Pinang

Penang, July 21, 2022  – By the grace of Yang Di-Pertua Negeri, Tuan Yang Terutama, Tun Dato’ Seri Utama Ahmad Fuzi Bin Haji Abdul Razak, State EXCO of Pulau Pinang, YB Dato’ Haji Abdul Halim Bin Haji Hussain, Senior Operations Director of DHL Dr. Vijay Balasundram and Managing Director of Titijaya, Mr Lim Poh Yit […]

MentorConnect 2022 Draws 130 mentees

Penang, July 5th, 2022 – A TOTAL of 130 mentees will take part in the Dell Technologies Malaysia’s MentorConnect, an inter-company networking programme, this year. These mentees, who are staff members from 16 participating companies, will be assigned to different mentors under the programme that was initiated by Dell a few years ago. Dell Technologies […]

Attracting Investment into Penang

Despite the pandemic, Penang achieved good investment. In 2021, its approved manufacturing investments hit a record high and its external trade topped Malaysia’s list. Dato’ Loo Lee Lian, CEO of InvestPenang, talks to Su Aziz on present strategies to attract high quality investment into the state and its digital economy. ‘During COVID-19 pandemic, 2020 and 2021, InvestPenang was unable to […]

Penang the Fastest State to Surpass National Growth

PENANG, June 30th, 2022 – Penang has surpassed the fastest national growth last year by 6.8%, followed by Selangor (5%), Perak (3.5%) and Kedah (3.2%). According to the Department of Statistics Malaysia (DoSM) chief statistician Datuk Seri Dr Mohd Uzir Mahidin (picture), Penang’s services (47.4%) and manufacturing sector (47.3%) are the powerhouse of its GDP. In total, […]