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[新闻稿] 槟城于2019年第一季度吸引88亿令吉的总制造业投资额

槟城, 六月12日, 2019 – 在美国和中国日益加剧的贸易和技术争端引发全球贸易和经济前景不确定的情况下,槟城仍然是投资者首选的投资目的地。在2019年1月至3月 (2019年第一季度),槟城成功吸引41个制造业项目,总投资额达到88.5亿令吉(同比增长768%)[…]

[新闻稿] 美中贸易战可为槟城带来新的商机

槟城, 五月29日, 2019 – 美国和中国之间的贸易和技术纠纷加剧,给全球贸易和经济前景带来了不确定性。虽然大局看似负面,但槟城投资机构认为贸易战对槟城制造业带来商机,特别是在电子电气和机器设备制造业。与此同时 […]

Misconceptions about Penang

OVER the weekend, I had active discussions with my Penang friends who had migrated outstation and overseas over state affairs within the context of the Federation of Malaysia. The issues are important for Penang specifically and Malaysia generally. Misconception 1: Penang is stagnating and hasn’t been able to reinvent itself. The state remains dependent on […]

MaGIC reopens its accelerator programme for entrepreneurs

The Malaysian Global Innovation and Creativity Centre (MaGIC) is having an open call to entrepreneurs to take part in its latest Global Accelerator Programme (GAP). “The largest startup accelerator in South-East Asia is looking for you to join their next batch! After an evolution from five successful regional accelerators, we would like to invite you […]

Cisco Systems to increase investments in Malaysia

KUALA LUMPUR: Cisco Systems, a US-based technology company will be increasing investments at its Malaysian plant, said country manager Albert Chai. He said that this was due to higher demand for technology as well as digitisation adaptation. “Our plant in Penang is one of the five manufacturing hubs which contribute a substantial amount to the […]

Fertile ground for creative content

CREATIVE technology content is an industry that Penang is well-placed to tap into, considering the wealth of talent being produced here. That was the view of Chief Minister Chow Kon Yeow, who foresees plentiful opportunities forthcoming as the industry matures. He said this during the opening ceremony of Shanghai-based intellectual property creation company Left Pocket […]

Penang plans Digital Penang unit to keep pace with technology

GEORGE TOWN (April 10): The Penang Government plans to set up a unit called Digital Penang in keeping with the increasingly technological world, Chief Minister Chow Kon Yeow said today. He said the Penang Institute, a think tank, is conducting a study on digital transformation and it is expected to be presented to the state […]

State to host World Congress on IT next year

MALAYSIA has once again been chosen to host the World Congress on Information Technology (WCIT), after more than 10 years since it took place in Kuala Lumpur in 2008. And, Penang will get the honour of being the host state for the event from Sept 13 to 16 next year at Setia SPICE Convention Centre […]

Press Statement by investPenang Director Dato’ Seri Lee Kah Choon – 10 April 2019

GEORGE TOWN, PENANG – It has come to investPenang’s knowledge that there is information circulating in the social media stating partial closure, shutdown and layoffs by factories in Penang. investPenang has spoken to the factories listed and many denied the accuracy of the news. Many of these companies are listed locally and abroad and these fake […]

SAM ramps up production

GEORGE TOWN: SAM Engineering & Equipment (M) Bhd (SAMEE) is ramping up production at its facilities in Penang and Singapore this year to fulfil its RM3.1bil order book. Group chief executive officer Jeffrey Goh(pic) said the US$20mil plant in Singapore was being equipped with machinery. “The plant, which produces engine casing for Airbus and Boeing, […]

Expanded capacity to drive growth

LEAD-frame manufacturer Amlex Holdings Bhd is looking at realigning its revenue sources by expanding its business in the automotive lighting segment. Its upcoming move to a new facility would help it meet growing demand for its products this year, says managing director Lim Say Soon. “We want to have a balanced contribution from our two […]

Penang – A hub for 5G RF chip production

PENANG is one of a handful of manufacturing sites in Asia with a 5G (fifth-generation mobile networks) radio frequency (RF) chip production facility. And the state has become an important production site for Mini-Circuits Technologies (Malaysia), a subsidiary of New York-based Scientific Component. It is now producing one million 5G RF chips a month for use […]

Press Statement by YAB Chow Kon Yeow on Penang Strategic Investment Advisory Council

PRESS STATEMENT BY YAB TUAN CHOW KON YEOW, CHIEF MINISTER OF PENANG ON THE APPOINTMENT OF THE PENANG STRATEGIC INVESTMENT ADVISORY COUNCIL  4 APRIL 2019 investPenang is the state’s investment promotion agency and total service provider to the manufacturing and services sectors. In order to support investPenang’s role to sustain, rejuvenate and further promote investment, […]

Vitronic is open for business in Malaysia and South-East Asia

With its grand opening and ribbon-cutting event on March 28, industrial machine vision solutions provider Vitronic is now open for business in Penang. Vitronic develops innovative systems and customised solutions in the growth industries of industrial automation, logistics automation, and traffic technology. Alongside Shanghai, China, and Melbourne, Penang is the third location for the owner-managed […]

Good news for Penang airport

THE expansion of the Penang International Airport (PIA) is expected to be carried out in June next year, said Chief Minister Chow Kon Yeow. He said the Malaysian Airport Holdings Bhd (MAHB), through an open tender, had appointed a consultant to undertake design works. “The expansion project is scheduled to begin in June next year […]

Investing in Penang’s Future – A BFM Radio Interview with Dato’ Loo Lee Lian

With the effects of the US-China trade war being felt across the region, we turn the focus onto Penang, with its heavy reliance on the manufacturing sector. InvestPenang CEO Dato’ Loo Lee Lian tells us more. Source: BFM Radio Photo credit: BFM Radio

Press Statement by investPenang Director Dato’ Seri Lee Kah Choon – 11 March 2019

GEORGE TOWN, Penang – Some factories in Penang have recently suspended their operations and downsized their work force due to the overall restructuring exercise industries have to undergo due to: 1) slower global economic growth & slower demand 2) business uncertainty due to the US-China trade war. Malaysia will benefit from the relocation of investment out […]