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.

Malaysia Records Total Approved Investments of RM109.8 Billion in the Economy, Creating 64,701 Job Opportunities for January – September 2020

Dec 1 – Malaysia recorded a total of RM109.8 billion worth of investments in the manufacturing, services and primary sectors for the first nine months of 2020. These investments involved 2,935 projects and will create […]

New Job Portals to Assist Technicians and Operators

November 18 – Manufacturing operators and technicians who are seeking job opportunities can check out two new job portals. The digital platforms – OperatorPengeluaran.my and Technicians.my – were built for manufacturing operators and technicians. It […]

Malaysia Signs RCEP, World’s Largest Free Trade Agreement

Nov 15 – Malaysia today signed the historic Regional Comprehensive Economic Partnership (RCEP) Agreement with 14 other RCEP Participating Countries (RPCs). Senior International Trade and Industry (Miti) Minister Datuk Seri Mohamed Azmin Ali described the […]

Malaysia Continues to be a Vibrant Manufacturing Hub, Recording RM65.3 Billion of Approved Investments in the Manufacturing Sector for Jan – Sept 2020

Nov 9 – Malaysia continues to be a competitive location for manufacturing projects. In the first nine months of 2020, a total of 740 projects worth RM65.3 billion were approved compared with RM56.0 billion in […]

Western Digital to Invest RM2.3b in Malaysia

Nov 5 – Western Digital, a leading digital storage equipment manufacturer, has decided to invest an additional RM2.3 billion to upgrade its facilities and boost its production capacity in Malaysia. “This was agreed on during […]

Malaysia Ranks Fourth in Cost of Doing Business Index — KPMG Study

Nov 3 – Malaysia is ranked fourth among seventeen economies in an assessment comparing the economy’s competitiveness as a manufacturing hub, outperforming others in the region such as China, Japan, Vietnam and India, according to […]

Special Report: Medical Devices Industry is Penang’s Hidden Gem

Oct 20 – IT is not a widely known fact that Penang, famous for its thriving electrical and electronics (E&E) industry, also has a burgeoning medical device industry. The state is slowly gaining a reputation […]

Malaysian E&E Players Tread Carefully amid Tech Cold War

Oct 15 – As its name implies, a semiconductor chip is made of a material that conducts current, but not completely. The conductivity of a semiconductor lies somewhere between that of an insulator, which has […]

Four Strategies to Empower Penang’s Economic Recovery

Oct 12 – The Penang government has underlined four strategies to empower the state’s economic recovery under its Penang 2021 Budget. Chief Minister Chow Kon Yeow said the four strategies were to encourage investment and […]

Comet Group: Manufacturing in Malaysia

The decision was made in November 2019: In summer 2020, on an ambitious schedule, Comet is to start manufacturing at its new site in Penang. The project team responsible is racing to make it happen. […]

Iconic Worldwide Acquires 5.53-acre Penang Land for PPE Venture

Sept 21 – Iconic Worldwide Bhd will be acquiring a 5.53-acre plot of land in Penang for RM12.53 million as part of its expansion into the personal protective equipment (PPE) business. In a bourse filing, […]

MMS Ventures to Go into Wafers

Sept 14 – MMS Ventures Bhd will diversify to produce semiconductor wafer inspection equipment in 2021. Group managing director TK Sia told StarBiz that MMS was currently talking to a China-based customer to produce semiconductor […]

Guidelines on Entry and Quarantine SOPs

In regards to guidelines on entry, we have further sought clarifications from NADMA and Immigration Department. According to NADMA, their guidelines will apply only for Malaysian residents Permanent residents. Reciprocal Green Lane (Singapore Malaysia) They […]

Inari to Team Up with MIT to Supply Semiconductor Process Tools

Aug 18 – Inari Amertron Bhd is teaming up with Singapore-incorporated MIT Semiconductor Pte Ltd (MSPL) to set up a joint-venture firm in Malaysia to supply customised semiconductor process tools. MIT, a subsidiary of China-based […]

MIDA and Axiomtek Accelerates AI Adoption in Malaysia

The Malaysian Investment Development Authority (MIDA) has partnered with Axiomtek to help local companies, particularly small and medium enterprises (SMEs), to embrace advance technologies such as AI and move up the value chain. The Axiomtek […]