InvestPenang would like to inform that our office will be closed from 6th November to 6th December 2020 due to the recent CMCO imposed in Penang. InvestPenang team will still be working from home and reachable via emails. Please refer to our respective emails at https://investpenang.gov.my/about-invest-penang/. We remain committed to support our stakeholders through this difficult time.

WHAT’S HAPPENING

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

Penang Recorded RM8.8 Billion of Total Approved Manufacturing Investment In Jan-Mar 2019

Penang, June 12, 2019 – Penang remained a favourable investment destination, amid the intensified trade and technology disputes between the United States (US) and People’s Republic of China (PRC) that created uncertainties on the global […]

Penang Attracts Rm129.1 Billion Worth of Approved Investments in the Manufacturing Sector as At 2018

16 May 2019, Kuala Lumpur – Penang has consistently ranked among the top investment destinations in the country over the last five decades. As of 2018, MIDA approved a total of 4,084 manufacturing projects with […]

Dream chance to start tech business

IF you have a cool tech idea, Penang may fund you up to RM250,000 as long as you have proof of early traction. The Penang i4.0 Seed Fund, a pilot programme initiated by the state […]

Common Ground raises US$20mil to fuel regional expansion plans

KUALA LUMPUR: Malaysia’s co-working industry leader, Common Ground, has raised a US$20 million Series A funding to fuel its regional expansion plans, triple its number of venues in Malaysia and advance its technological interface by […]

PIE embarks on biggest expansion plan

SEBERANG JAYA: PIE Industrial Berhad is embarking on its biggest expansion exercise ever. The move is in response to growing interest in the group’s printed-circuit-board assembly (PCBA) products and box-built equipment. Group managing director Alvin […]

Special master plan to develop southwest district

THE state government will ensure that development in each district is enjoyed by the people, said Chief Minister Chow Kon Yeow. Chow said for that purpose, he suggested that a special master plan for each […]

New growth area for chipmaker

Manufacturer looks at new products to stay competitive as new players start crowding out the industry PENANG may become a key site of high-powered radio frequency integrated circuits (RFICs) production for unmanned vehicles as Mini-Circuits […]

‘Time to recognise and elevate TVET’

PETALING JAYA: A holistic im­­provement of education in Malaysia includes the recognition and en­­hance­­ment of Technical and Voca­tional Education and Training (TVET), says PKR vice-president Nurul Izzah Anwar (pic). TVET should be elevated to a status […]

Mi Equipment debuts on Bursa

PETALING JAYA: Mi Equipment Holdings Bhd shares closed up 12 sen at RM1.54 on its debut on Bursa Malaysia with nearly 74 million shares changing hands as the rally in technology stocks benefited the counter’s […]

Taiwan, Malaysia most affected by US tariffs on Chinese goods, says Schroders

KUALA LUMPUR: Taiwan, Malaysia and Singapore are among the top 10 markets most affected by US tariffs on Chinese goods via the supply chain as US President Donald Trump raised the rhetoric in the trade […]

Malaysia could extend tax breaks for key foreign investors

KUALA LUMPUR (June 19): Malaysia could extend new tax incentives for foreign investment in areas such as technology if companies promise to create better-paid jobs for Malaysians, Prime Minister Tun Dr Mahathir Mohamad said on […]

Chow hopes LRT project is implemented within five years

GEORGE TOWN: Penang Chief Minister, Chow Kon Yeow is targeting for the Light Rail Transit (LRT) project under Penang Transport Master Plan to begin during his tenure. Chow said the LRT project would take a […]

Penang aims to have more direct flights by end of this year

GEORGE TOWN (June 14): The Penang Government aims to have more direct flights by year-end, specifically from East Asia countries. Penang Tourism Development, Heritage, Culture and Arts Committee chairman Yeoh Soon Hin said there was […]

Inari’s new plants seen to boost earnings

Inari Amertron Bhd (June 12, RM2.26) Maintain buy with a higher target price of RM2.80: We are positive about Inari Amertron Bhd’s aggressive floor space expansion to 1.35 million sq ft (120,000 sq m) [+34%] by […]

PGA: Zero-rated GST a boon to gold jewellery export

GEORGE TOWN: The Penang Goldsmith Association (PGA) is projecting the export of Malaysia’s gold jewellery at an estimated RM6.7bil this year, up from an earlier forecast of RM4bil in March. PGA adviser Joeson Khor told StarBiz that […]

Global semicon sales projected to hit US$463.4b in 2018, says SIA

KUALA LUMPUR (June 7): The semiconductor industry’s worldwide is projected to reach US$463.4 billion in 2018, according to the U.S.-based Semiconductor Industry Association (SIA). Global sales of semiconductors rose 20.2% year-on-year in April to US$37.6 […]

New reservoir costing RM9.3mil the answer to future water demand

THE latest Bukit Dumbar Reservoir 4 (BDR4) will benefit about 315,000 people plus the Bayan Lepas Free Trade Zone, Penang International Airport and southern parts of Penang island. The BDR4, costing RM9.3mil, is part of […]

Tatt Giap plans RM140mil project

GEORGE TOWN: Tatt Giap Group Berhad plans to develop a RM140mil light industrial project in Valdor Industrial Estate in Sungai Bakap soon. Group chairman Datuk Thomas Liang told StarBiz after the company’s EGM that the plan was […]

Mi Equipment positioned for bigger growth

KUALA LUMPUR: In the semiconductor business, things are changing so fast that no one can afford to miss any new technology or critical development, lest one gets left far behind the curve. Mi Equipment Holdings […]

CSA increases flight frequency between Guangzhou and Penang, offering cheap fares for June

GEORGE TOWN: China Southern Airlines (CSA) has announced that it will increase the frequency of its direct flight from Guangzhou to Penang, to cater to the overwhelming demand of tourists in both countries. CSA Penang […]

Rockets and spacecraft models on display at Tech Dome Penang in July

YOU probably have read about China’s space missions or even seen them on television. Now is the chance to get a rare insight into its aerospace programme at the Space Exploration Gallery at Tech Dome […]

Malaysia’s participation in trade pacts left hanging in the air

KUALA LUMPUR (May 22): Malaysia’s participation in pending trade agreements such as the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is left hanging in the air until […]

Continental plans RM32.7m plant upgrade

CONTINENTAL Automotive Components Malaysia Sdn Bhd, an automotive component maker, plans to invest approximately €7 million (RM32.7 million) to transform its Penang plant into an advanced Industry 4.0 smart factory. The investments will include the […]

NTPM to spend RM50mil on expansion

GEORGE TOWN: NTPM Holdings Bhd, the manufacturer of Premier tissue paper, is spending RM50mil to expand its manufacturing facilities in Vietnam and Penang this year. Group managing director Lee See Jin told StarBiz that the expansion would […]

From a journalist to CM

Small-sized, bespectacled and quite unassuming, this sub-editor always wore a careful smile in The National Echo newsroom in Penang more than 30 years ago. In fact, some of us had even nicknamed him “Mr Nice Guy”. Chow […]

Transport plan tops CM’s list

NEWLY sworn-in Penang Chief Minister Chow Kon Yeow says the state will be “pushing further” for the approval of the Penang Transport Master Plan (PTMP). “We may not get the approval in 100 days. “However, […]

Elected reps all geared up to serve constituents

THE expansion of Penang International Airport, implementation of Light Rail Transit (LRT) and securing investment top the agenda of newly elected Bayan Baru MP Sim Tze Tzin. He said the airport needs to be upgraded […]

Malaysia’s 2018 exports and imports to see growth

KUALA LUMPUR, May 7 — Malaysia’s exports and imports are expected to grow at 7.3 per cent and 7.5 per cent, respectively, this year, as external trade is expected to maintain its positive momentum, says […]

Plexus expands presence in Malaysia with acquisition of new facility

EMS provider Plexus is increasing its presence in Malaysia with the acquisition of a new 432,000 square-foot manufacturing facility in Penang. The facility is adjacent to Plexus’ existing Riverside manufacturing facility in Penang, and when […]

ViTrox poised to win more market share

ViTrox Corp Bhd (April 30, RM5.17) Maintain hold with an unchanged target price of RM5.24: ViTrox Corp Bhd remains upbeat and guided for another record-breaking quarter for its second quarter of 2018 (2QFY18). However, we remain […]