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

[Press Statement] FMT’s Article “Emulate Kedah’s speedy approval process” dated 20 February 2024

With reference to the above article quoting NCIA’s Chief Executive Encik Harris Sultan’s comments that “businesses in other northern states, including Penang – would have to wait for up to two years for necessary approval”, the state would like to clarify that industrial projects in Penang are allowed to commence construction work once the Building […]

Penang On Track to Take the Lead in Manufacturing Sector, Says CM

February 19, 2024 — Penang is set to cement its status as the leading state for manufacturing in the country following the groundbreaking ceremony of its Batu Kawan Industrial Park III. Scheduled to be completed within the next few years, the park will complement the existing industrial parks around the state, especially the Bayan Lepas […]

BCVC Looks to Elevate Semiconductor Industry

February 13, 2024  –  The Economy Ministry acknowledges the necessity of a collaborative effort involving both the government and the private sector to leverage the potential “tsunami” of investment opportunities, particularly within the semiconductor industry. Towards this end, its minister Rafizi Ramli invites venture capital (VC) firms and fund managers to contribute to Malaysia’s economic growth […]

Global Semiconductor Manufacturing Industry Poised For 2024 Recovery, Semi Reports

February 14, 2024 – The global semiconductor manufacturing industry recovery is taking hold with electronics and IC sales increasing in the final quarter of 2023 and more growth projected for 2024, SEMI announced today in its fourth quarter 2023 publication of the Semiconductor Manufacturing Monitor (SMM) report, prepared in partnership with TechInsights. In Q4 2023, electronics sales […]

[Press Release] Penang AgriTech & FoodTech Industry Council Spearheading Innovations Within Agriculture And Food Manufacturing Sectors To Cultivate A Sustainable Food System

February 1, 2024  –  As part of the key initiatives to strengthen Penang’s position as an investment location for AgriTech, FoodTech, and other related sectors in Penang, InvestPenang has initiated the establishment of the Penang AgriTech & FoodTech Industry Council. The main objective of this council is to serve as a platform for collaboration and […]