#Penang50 – InvestPenang’s Kuala Lumpur Mission: Meeting with Embassies
Kuala Lumpur, August 10, 2022 – InvestPenang is pleased to have the presence of Her Excellency Andrea Reichlin, Ambassador of Switzerland, His Excellency Andreas Launer, Ambassador of Austria, Dr Sebastian Weins, Counsellor for Economic in the Embassy of the Federal Republic of Germany and representatives from the Embassy of Switzerland and Embassy of Austria, joining […]
#Penang50 – 50 Years of Excellence and Beyond – InvestPenang’s Meeting with the US ambassador to Malaysia
Penang, August 8,2022 – InvestPenang had a meeting with the US ambassador to Malaysia, H.E. Brian D. McFeeters and representatives from the US Embassy in Penang yesterday. The meeting was mainly surrounding on the topics of investment climates, Penang’s industry transformation in moving up the value chain and the supply chain resiliency in Penang. The […]
#Penang50 – 50 Years of Excellence and Beyond – Thanking the local authorities!
Penang, August 2,2022 – InvestPenang hosted an Appreciation Lunch for Government Departments, Agencies and Local Authorities today to thank them for their support to the industry. The agencies include Perbadanan Pembangunan Pulau Pinang (PDC), Majlis Bandaraya Pulau Pinang (MBPP), Majlis Bandaraya Seberang Perai (MBSP), Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBA), Tenaga Nasional Berhad […]
[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, […]
Smith+Nephew Opens World-Class Manufacturing Facility in Malaysia to Support its Orthopaedics Business
Penang, 28 June 2022 – Smith+Nephew, the global medical technology company, today opened its new high technology manufacturing facility in Batu Kawan Industrial Park in Penang, Malaysia. The 250,000 square-foot facility, worth more than USD100 million in investment, will primarily support the company’s Orthopaedics business, which is expected to grow strongly in the Asia Pacific […]
[Press Release] LEM Announces Inauguration Ceremony for New Production Plant in Malaysia
Geneva, Switzerland, and Penang, Malaysia, 23 June 2022 – LEM (SIX: LEHN), a leading global company in electrical measurement for renewable energy, automation, power network and e-mobility applications, announces that an inauguration ceremony is being held today in Penang, Malaysia for its new production plant. The ceremony is attended by the Chief Minister of Penang, […]
[Press Release] SEMICON Southeast Asia 2022 Opens Tomorrow With Focus on Sustainability and Supply Chain Resilience
PENANG, Malaysia – 20 June 2022 – Spotlighting critical issues including sustainability and supply chain resilience, SEMICON Southeast Asia 2022, the region’s premier gathering of the semiconductor and microelectronics industry, opens tomorrow as experts convene for insights into the latest industry trends, developments and innovations. Returning to the Setia SPICE Convention Centre in Penang for […]
[Press Release] TF-AMD Expands its Presence in Malaysia with New Manufacturing Site
Penang June 14, 2022 — TF-AMD Microelectronics Sdn. Bhd. today announced plans to expand its manufacturing facility in Penang with the construction of a second site at Batu Kawan Industrial Park, Penang. With nearly RM2 billion of capital investment, the new manufacturing facility is expected to create more than 3,000 new jobs in advanced semiconductor […]
The Ship’s Unique Campus Model Set to Boost Training at Batu Kawan Industrial Park
GEORGE TOWN – May 25,2022: The Ship campus, located in Batu Kawan Industrial Park (BKIP), Penang, is set to sail by training talents for the industrial park on its grounds in a unique campus-in-industry model. PKT Logistics Group chief executive officer and managing director Datuk Seri Michael Tio said The Ship campus is built to […]
Texchem to Pour RM44mil into Expansion
George Town – May 23, 2022: Texchem Resources Bhd is investing RM44mil to expand and improve its business operations this year and will ride on the growth prospects of its hard disk drive (HDD), medical device and restaurant businesses. Group executive chairman Tan Sri Fumihiko Konishi told StarBiz that in 2021, the polymer engineering, industrial and […]
PM Ismail Sabri Rolls out Red Carpet for US Investors, Urges Tesla to Consider Malaysia
WASHINGTON, May 12 — Prime Minister Datuk Seri Ismail Sabri Yaakob Wednesday (Thursday in Malaysia) rolled out the red carpet for American investors and businessmen, and presented Malaysia as a preferred investment destination. He welcomed them, especially the Fortune 500 companies, to invest or increase their investment, namely in economic digital, green technology and electric […]
SIMMTECH to Deliver The First Made In Malaysia Memory Chip Packaging Substrate Through its Malaysian Subsidiary Sustio Sdn. Bhd.
Penang, May 9, 2022 – SIMMTECH, a South Korea-based global leading manufacturer for semiconductor packaging substrate and HDI Printed Circuit Board (PCB), held the grand opening ceremony for its Malaysia-based subsidiary, SUSTIO Sdn. Bhd. in Batu Kawan Industrial Park, Penang. This new factory will be SIMMTECH’s first advanced manufacturing facility in Southeast Asia and the […]
Western Digital Named Asia’s First World Economic Forum Sustainability Lighthouse
The World Economic Forum has recognised and awarded Western Digital’s factory at Batu Kawan, Penang, as a Sustainability Lighthouse. By leveraging its vertically integrated smart factory model and implementing 4IR technologies such as IoT sensors, digital twin modeling, analytics powered plant management system and lights-out automation with machine learning, the site achieved a normalized (per […]
Micron Technology Fully Adopts RE for Its Hub and Operation Sites
April 20 – MICRON Technology says that its manufacturing, offices, and facilities in Malaysia are now powered by 100% renewable energy marking a new milestone in its sustainability goals. The achievement advances the company’s commitment to responsible and sustainable leadership in its global operations across 17 countries. Executive Vice President of Global Operations at Micron, […]
Lattice Expands Global Footprint with New Malaysia Office in Penang
Penang – April 15, 2022 – The Penang State government is pleased to announce that Lattice Semiconductor (NASDAQ: LSCC), the low power programmable leader, has established a presence in Penang, Malaysia. The new Lattice Malaysia office in Penang expands the company’s global footprint and will serve as a new engineering and operations hub to support the company’s accelerated […]
LUMILEDS’ Penang Malaysia Manufacturing Fully Transitions To 100% Renewable Electricity
Penang, Malaysia – April 14, 2022 – Lumileds has fully transitioned to 100% renewable electricity at its two manufacturing locations in Penang as of March 18th, 2022. With this transition to renewable electricity, the company will reduce emissions by more than 40,000 tons of CO2 equivalent every year. For Lumileds, this is a significant step […]
Penang state government launched RM500,000 Internship Subsidy Program as one of its initiatives to attract 150,000 talents in the next 5 years
Penang, Mar 31, 2022 – Penang has recently announced its applaudable manufacturing investment performance in 2021, hit a record high of RM76.2 billion investment inflows, according to data from the Malaysian Investment Development Authority (MIDA). Driven predominantly by the foreign direct investments (FDIs), the investment projects garnered in 2021 are expected to generate 12,024 new […]
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 […]