Following Malaysian Prime Minister, Tan Sri Muhyiddin Yassin’s declaration that the entire country will be on a movement control order starting from 15th June 2021, to deal with the rise in Covid-19 cases, InvestPenang would like to inform that:
• InvestPenang office will be closed from 15th June 2021. Operation will resume when there are further directives from the government.
• 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.

SIMMTECH Expands Footprint in Penang

  Penang, July 30, 2021 – The Penang State government is pleased to announce that Korea-headquartered Simmtech Holdings Inc. (Simmtech), one of the global leading players in printed circuit board (PCB) and packaging substrate for […]

American High-Tech Company, Applied Engineering Inc. Setting-Up Joint Venture Operations with Malaysian QES Manufacturing Sdn. Bhd.

July 15 – US-based Applied Engineering (AE) from San Jose, California will be establishing a joint venture (JV) plant with Malaysian counterpart, QES Manufacturing Sdn. Bhd. (QES) in Batu Kawan Industrial Park, Pulau Pinang later […]

Penang Air Cargo to Improve Further

July 5 – After experiencing eight quarters of sluggish business, the Penang air cargo industry expects to see an increase in the volume of outbound and inbound cargo this year. Penang Freight Forwarders Association (PFFA) […]

[Press Release] Decentralizing National Recovery Plan

Penang, July 3, 2021 – On June 15, Prime Minister Tan Sri Muhyiddin Yassin announced a four-phase National Recovery Plan (NRP) with three main threshold indicators to be met before the nation can move on […]

[Press Release] 2021: A Year of Consolidation on Investment Landscape; Concerted Efforts are Placed in Propelling Sustainable Industry Growth

Ramping up efforts on Penang’s Covid-19 mass vaccination programme, focused industries and talent pool, in preparing for long-term sustainability. Penang, June 18, 2021 – The Public-Private Partnership Covid-19 Industry Immunisation Programme for the manufacturing sector, […]

DOSM: Total Trade of Six States Rises in 2020 Despite Covid-19

June 8 – Six states recorded an increase in total trade amid a 3.6% decline in Malaysia’s trade to RM1.78 trillion in 2020 albeit Covid-19 pandemic that has also affected trade around the world, the […]

Dell Technologies Sets Up Largest On-site Solar Panel Globally in Malaysia

June 8 – Dell Technologies has announced the implementation of its largest on-site solar panel installation globally at the Dell Technologies Asia Pacific Customer Centre in Bukit Mertajam, Penang. Dell Technologies said the solar photovoltaic […]

Minister: Mass Covid-19 Vaccination Centres to be Set Up for Factory Workers in Penang in Two Weeks

June 3 – Mass Covid-19 vaccination centres will be set up in Bayan Lepas and Batu Kawan in Penang specifically for factory workers in two weeks’ time. National Covid-19 Immunisation Programme Coordinating Minister Khairy Jamaluddin […]

Vitrox Unit Buys Land Worth RM49m from Penang Development Corporation

May 31 – Vitrox Corp Bhd (VCB) said its unit is buying land worth RM48.33 million in Penang to execute its 10-year expansion master plan, which will be fully completed by 2030. According to a […]

[Press Release] Penang’s Coordinated Efforts for the Manufacturing Sector to Fight the Pandemic

PENANG, May 28, 2021 – At its latest meeting chaired by the Special Investment Advisor to the Chief Minister of Penang, Dato’ Seri Lee Kah Choon, the members of Penang Manufacturing Industry Advisory Council have […]

The Comet Group’s Ramp-Up To Volume Production At New Site In Malaysia On Track

May 27 – The Comet Group, a global leading innovative technology company, based in Switzerland with a focus on plasma control and X-ray technology, expanded their capacity with a new manufacturing site in Pulau Pinang, […]

Penang’s Agriculture Sector to Experience Stable Growth, Says InvestPenang CEO

May 26 – The agriculture sector in Penang is expected to experience stable growth due to increasing local demand, especially during the Covid-19 pandemic, albeit only making up 2.2 per cent of the state’s gross […]

FCZ Status A Game Changer for Penang Port

May 17 – Despite being the final federal port in the peninsula to be accorded the free commercial zone (FCZ) status, without a doubt, Penang Port Sdn Bhd’s North Butterworth Container Terminal’s (NBCT) operations will be […]

DHL Express Dedicates Direct Flights to Penang and Vietnam’s Ho Chi Minh City

May 17 – DHL Express has replaced its Hong Kong-Ho Chi Minh-Penang route with a direct flight from its Central Asia Hub in Hong Kong to Penang on an Airbus A300 aircraft five times a […]

Penang: The Silicon Valley of the East

May 11 – The state of Penang, nestled along the northwest coast of Peninsular Malaysia, needs no introduction in the global electronics manufacturing sector. Despite its diminutive stature with just over 1,000 square kilometers of […]

Malaysia’s Global Business Services Market to Grow to RM6b, says MDEC

May 3 – MALAYSIA is expected to grow its global business services (GBS) market size from US$1.3 billion in 2019 to US$1.5 billion (RM6.15 billion) by the end of 2024, based on a report from GlobalData […]

Malaysia is Home to Intel’s Largest Solar Farm Outside US

Apr 22 – US-based semiconductor manufacturer Intel Corp said today its Malaysian operations are now harnessing solar energy to help power its six buildings across its Kulim and Penang campus and that the project is […]

Globetronics Embarks on RM50 Million Industry 4.0 Transformation Programme for Business Sustainability

Apr 21 – Globetronics Techology Bhd., a leading miniaturised optical sensors manufacturer in Malaysia, announced the establishement of a cloud-based state-of-the-art platform through the adoption of Industry 4.0 processes in their high volume mass production […]

Relaxation of Incentive Conditions for Manufacturing and Services Projects Approved under The Purview of MIDA

Apr 6 – The Government has agreed to provide certain relaxation of conditions to manufacturing and services companies that have been approved with incentives under the purview of the Malaysian Investment Development Authority (MIDA). This […]

Greatech’s US Unit Wins Battery Purchase Order from New Electric Vehicle Customer

Apr 5 – Greatech Technology Bhd said it has secured its first purchase order in the United States from a new electric vehicle (EV) customer for equipment to produce lithium-ion battery cells. “This new order […]

Penang Strives to Drive Industry Forward

Apr 3 – Penang Chief Minister Chow Kon Yeow has stressed the importance of obtaining more industrial land to spur investments in the state. “Penang drew in RM16.9 billion of total approved manufacturing investments in […]

In-kind Donations by Boston Scientific to USM and JPN

Mar 31 – Committed in cultivating Penang’s talent pool, Boston Scientific, a world-renowned medical device manufacturer has recently contributed millions of in-kind donations to University Science Malaysia (USM) and Penang State of Education Department (JPN). […]

MIDA to Deliver Better Investor Experience with Re-engineered Processes, Launch of InvestMalaysia Portal

Mar 30 – ​The Malaysian Investment Development Authority (MIDA)’s digital transformation initiative or better known as InvestMalaysia Portal, an online application submission portal, is now open to the public. “As Malaysia is adapting to this […]

Exciting Times for Penang

Mar 29 – The Penang government will continue to focus on advanced manufacturing, besides further strengthening the industry clusters and making aggressive efforts to attract new talents to Penang this year. State Entrepreneurial Development, Trade […]

MITI Introduces Safe@Work Initiative for Close Contact Workers

Mar 18 – The international trade and industry ministry (Miti) has introduced the Safe@Work initiative for companies to isolate workers identified as close contacts of a Covid-19 case. In a statement today, senior minister Mohamed […]

Clarivate Opens Doors to Global Business Centre in Penang

Mar 13 – CLARIVATE Plc, a global leader in providing trusted information and insights to accelerate the pace of innovation, has opened the doors to its new global business centre (GBC) in Penang. The GBC […]

Penang Launches RM50m Digital Transformation Masterplan

Mar 12 – Penang Chief Minister Chow Kon Yeow today launched the Penang Digital Transformation Masterplan to ramp up the state’s technological leap forward over the next three years. The masterplan falls under the state’s […]

Company Sponsors Programme for Women

Mar 11 – Entrepreneurship among women can now reach greater heights through the ‘Women Entrepreneurship with Exabytes’ initiative by digital solutions provider Exabytes. Launched in conjunction with International Women’s Day 2021, the initiative aims to […]

Heightened Semiconductor Demand to Continue in the Long Term — Lam Research

Mar 8 – Semiconductor equipment manufacturer Lam Research Corp is expecting the current heightened demand for semiconductor chips to continue in the long term as technology becomes increasingly involved in more aspects of life, and […]

Penang’s Manufacturing Sector Gets A Shot in the Arm with New Jobs

Mar 8 – Penang’s manufacturing sector, which has not been spared the impact of the global Covid-19 pandemic, received a shot in the arm today. The Northern Corridor Implementation Authority (NCIA) via its JomKerja@NCER initiative, has […]