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[Press Release] Official Launch of Global Business Services Focus Group (GFG) Logo and Formation of GFG Penang Chapter (5th Penang GBS Conference 2019)

YAB Mr. Chow Kon Yeow, Chief Minister of Penang officially launched the Global Business Services Focus Group (GFG) logo and formation of GFG Penang Chapter at InvestPenang’s 5th Global Business Services Conference 2019 today. The GFG’s Penang Chapter with InvestPenang as the lead agency, allows various stakeholders to have a platform to share information, ideas and […]

Penang targets RM10 bln in total investments in 2019

GEORGE TOWN, Aug 22 (Bernama) — The Penang government is eyeing RM10 billion in total investments by the end of this year, its Chief Minister Chow Kon Yeow said today. The target was almost double last year’s total investments of RM5.78 billion, he said. “We are cautiously optimistic that RM10 billion investments by end of […]

Penang expects to top RM10b in investments by year-end

GEORGE TOWN, Aug 22 — Penang Chief Minister Chow Kon Yeow today said that the state is expecting to top RM10 billion in total investments by the end of the year. He said this will almost double last year’s total investments of RM5.78 billion. “We are cautiously optimistic of recording RM10 billion investments,” he said […]

UST Global Malaysia Inaugurates New Facility in Penang, Malaysia

PENANG, Malaysia, September 8, 2017 /PRNewswire/ — UST Global Malaysia Intends to Boost the Company’s APAC Market Focus UST Global, a leading digital technology services company, today announced the opening of a new facility in Penang, Malaysia. This facility will be UST Global’s second centre in Penang. Commenting on the new facility, Amar Chhajer, Country Head of Malaysia, UST Global, said, “We […]

Swedish Industrialized Building Systems to invest RM100mil in Penang

GEORGE TOWN: Industrialized Building Systems will invest about RM100mil in its production and research and development facility at the Penang Science Park to become the biggest Swedish investor in Penang so far. Managing director Erik Thomaeus (pic) said some 180 new jobs would be created when the factory is in full production. He said there […]

Penang announces RM63m Penang Automation Cluster

GEORGE TOWN, Feb 8 — The Penang state government today announced the formation of a RM63 million Penang Automation Cluster (PAC) in the Batu Kawan Industrial Park which is slotted to open by 2019. The small medium enterprise (SME) precision metal fabrication or automation cluster will be the first of its kind in Malaysia, as […]

Penang sees RM5bil investments from 4 China MNCs listed in US

GEORGE TOWN: Penang will see some RM5bil worth of investments coming into the state in 2015 from four multinational corporations (MNCs) involved in electronic-based manufacturing activities. investPenang director Datuk Lee Kah Choon said these were only initial investments that would materialise over the next 12 months. Declining to name the companies, Lee said these could […]

Singapore, Penang step up investment links with new property project

SINGAPORE — Penang chief minister Lim Guan Eng today (Oct 14) unveiled a new mixed-use development project led by a joint venture of Singapore’s Temasek Holdings and Penang’s state development agency, Penang Development Corporation. This comes as both governments take further steps to strengthen their trade and investment links. Situated near Penang’s Bayan Baru Free […]