LEM Inaugurates New High-Tech Plant in Malaysia
Electrical measurement technology specialist LEM has inaugurated a new €15.7m ($17m) state-of-the-art factory in Malaysia that combines environment-friendly design with advanced manufacturing technology. Setting up this new factory reflects LEM’s growth plan which is driven by increasing global demand for the company’s core products, current and voltage sensors. The need for decarbonization in mobility, industry, […]
Time is ripe for Malaysia to move upstream into designing chips
An employee inspects a printed circuit board at a production facility of automated test equipment designer Aemulus Holdings in Penang, Malaysia. © Reuters Wee Chian Koh is an economist with the ASEAN+3 Macroeconomic Research Office in Singapore. Marthe M. Hinojales and Hongyan Zhao are senior economists with the organization. April 11, 2024 — The increasingly […]
[Press Release] FinHero Welcomes NTT Data Corporation as a Stakeholder
March, 29 2024 – In a significant stride towards fostering financial inclusion, FinHero is honored to announce NTT Data Corporation’s stake in our journey. This collaboration, celebrated at Mercure Penang Beach Hotel, validates FinHero in the regional markets. FinHero (FinHero.asia) is a Penang based FinTech Startup, developing B2B financial solutions focusing primarily on Asian markets. […]
Malaysia: The Surprise Winner from US-China Chip Wars
March 11, 2024 — Tension between Beijing and Washington over access to technology has prompted many companies to open factories in south-east Asia Shortly after a Chinese company opened up nearby, employees at Malaysian contract manufacturer Kemikon walked outside their factory to find sheets of paper stuck to their car windshields. The flyers were from […]
[Press Release] Actiforce Establishes A RM50-Million, State-of-the-Art Manufacturing Facility in Penang
The new facility will serve as a hub for research and development (R&D), manufacturing and distribution of furniture fittings, catering to global customers’ demands March 5, 2024 – Actiforce, a global leader in the furniture components industry originating from the Netherlands, has officially achieved a new milestone in Malaysia with the opening of its […]
Prioritising Business-friendly Environment Key to Penang’s Success
March 1, 2024 — InvestPenang remains resolute in its commitment to enhancing the ease of doing business in Penang, says its chief executive officer Datuk Loo Lee Lian. Her comments came in the wake of Penang establishing itself as the top state in the country with approved investments of RM71.9 billion in 2023. Penang was […]