Kindly be informed that InvestPenang team continues to work from home and is reachable via emails. Please refer to our respective emails at https://investpenang.gov.my/about-invest-penang/.
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WHAT’S HAPPENING

View major news and upcoming events to explore Penang’s thriving key industries.

Newly-setup Penang Covid-19 Call Centre Begins Operation

Sep 15 – The Penang Covid-19 Call Centre has officially started operating today and can by reached by calling the careline number at 04-2618000. Chief Minister Chow Kon Yeow said at the moment, the call centre would operate daily, including Saturdays and Sundays from 8am to 5pm. He added that the operation hours would be […]

[Press Release] Strengthen Coordination with the Federal government in Covid-19 Measures

PRESS STATEMENT For Immediate Release Penang, Sept 15, 2021 – The path to battling the Covid-19 virus is still far from over, however a zero-tolerance approach may not be a tenable solution. Higher inoculation rates, coupled with agile health protocols that accommodate the latest developments, as well as elevated efforts in testing and tracing, could […]

Tech: RM508mil Investment in Penang by South Korea’s Simmtech to Give Local Equipment Players A Boost

SOUTH Korea-based semiconductor company Simmtech Holdings Co Ltd’s decision to make a greenfield investment in Penang bodes well for Malaysian equipment vendors and automation houses. On July 30, Simmtech — one of the world’s largest players in printed circuit board (PCB) and packaging substrate for the semiconductor industry — announced that it had chosen an […]

Employers to be Supplied with Covid-19 Test Kits, Says Human Resources Minister

Sep 6 – Employers will be supplied with Covid-19 test kits in an initiative to contain the spread of the virus at workplaces, says Human Resources Minister Datuk Seri M Saravanan. The initiative – known as Recovery Phase Covid-19 screening programme – kicks off on Monday (Sept 6) following the reopening of more economic sectors […]

Covid-19 Best Practice Measures by Penang State Government & CREST

Sep 6 – The Penang State Government welcomes the initiative by Collaborative Research in Engineering, Science and Technology (CREST) to introduce access to Standard Operating Procedures (SOP) from CREST member companies and a consolidated Covid-19 Management Best Practice SOP, with the aim of assisting small medium enterprises (SMEs) in the state to operate safely and […]

Medical Device Business the Next Big Thing for Pentamaster

PENANG-based semiconductor equipment vendor and automation house Pentamaster Corp Bhd is the latest company to embark on the diversification route to increase its revenue streams and generate sustainable earnings growth. While its peers ViTrox Corp Bhd and MI Technovation Bhd have gone into precision smart farming and semiconductor materials business respectively, Pentamaster is venturing into […]

Addressing Vaccines and SOP Issues are Key for Industrial Sustainability

Joint statement of Penang Manufacturing Industry Advisory Council members: InvestPenang, AMMI, FMM, FREPENCA, SAMENTA PENANG, Aug 27, 2021 – Penang, being a vital economic powerhouse of the country, is placed in a challenging situation with the recent surge in Covid cases. Despite the State’s effort in ramping up the capacity of vaccination centres (PPV), the […]

National Recovery Plan (NRP) Frequently Asked Questions (FAQ) for Manufacturing Sector

Please click on below for the FAQs for manufacturing sector under the purview of the Ministry of International Trade and Industry (MITI) in line with the announcement of National Recovery Plan (NRP). NRP FAQ In addition, for manufacturing sector’s SOPs under NRP Phase 2, kindly refer https://www.miti.gov.my/miti/resources/MITI_PPN_Fasa_2_-_SOP_Sektor_Pembuatan_Perkilangan_dan_Perkhidmatan_Kemaskini_17_Ogos_2021_FINAL.pdf

Lam Research Launches Manufacturing Plant in Penang with RM1b Investment

Aug 3 – Lam Research Corporation, a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry, today officially launched its new facility in Batu Kawan, Penang with an investment of RM1 billion. Its president and chief executive officer (CEO) Tim Archer said the new manufacturing plant at the Batu Kawan Industrial Park has a […]

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 the semiconductor industry, has chosen an 18-acre site at Batu Kawan Industrial Park, Penang, Malaysia for its first large scale […]

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 this year. Both parties signed an agreement to establish, Applied Engineering Technology (M) Sdn Bhd (AET), a JV company, to […]

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) honorary secretary-general Ali Ahmad (pic, below) said the association was confident the exported cargo volume would rise by at least […]

[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 to the next phase. We welcome the federal government’s gradual Covid-19 exit plan that provides clear threshold indicators. However, it […]

[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, also known as PIKAS, has kicked start on 16th June, with the opening of vaccination centre (PPV) at Bukit Jawi […]

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 Department of Statistics Malaysia (DOSM) said. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the states were Penang (+RM38.6bil), […]

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 system worth RM2.25 million is also a first in Southeast Asia for a Dell Technologies facility. “The 700 kilowatts peak […]

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 said he had discussed this with Minister of International Trade and Industries Datuk Seri Mohamed Azmin Ali two days ago. […]

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 filing with Bursa Malaysia, its wholly-owned subsidiary Vitrox Technologies Sdn Bhd (VTSB) had entered into a sale and purchase agreement […]

[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 unanimously agreed, among others, the following efforts to support the government in overcoming the challenges as a result of the […]

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, Malaysia. This important milestone looks to strengthen the Group’s presence in Asia to meet not only local demand but also […]

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 domestic product (GDP). InvestPenang chief executive officer Datuk Loo Lee Lian said although the manufacturing and service sectors are currently […]

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 impactful, especially when its transshipment activities are in full swing. Penang Port CEO Datuk Sasedharan Vasudevan said even though NBCT […]

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 week. This latest move, amid the explosive growth of e-commerce and shipment volumes growth in Asia including Malaysia and Vietnam, […]

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 land area and a 1.8 million-strong population, Penang commanded an estimated 5% of global semiconductor exports in 2019, according to data […]

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 Findings, said Malaysia Digital Economy Corp (MDEC) senior VP (investment and brand) and chief marketing officer Raymond Siva. “On that […]

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 Intel Inc’s largest solar farm outside of the United States. In a statement today, Intel said its solar farm in Malaysia […]

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 operations. The expansion worth RM50.2 million will incorporate Artificial Intelligence (AI), big data analytics and Extended Reality (AR + VR) […]

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 is part of the proactive measures undertaken by the Government to continue Malaysia’s economic revitalisation efforts by facilitating investments and […]

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 confirms that our customer has confidence in our technology, quality and reliability of our high-tech equipment,” the industrial automation solutions […]

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 2019, and RM14.1 billion last year. “We attracted over RM30 billion of total approved manufacturing investments in just two years, […]