[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 […]
Malaysia’s Prime Minister Decries ‘China-phobia’ among US and Western Allies
Anwar Ibrahim says rivalry squeezes smaller countries as he courts investment for semiconductor supply chain Anwar Ibrahim at Greatech’s factory in Penang last week. The Malaysian premier has focused on resuscitating an economy battered by mismanagement and instability, prioritising manufacturing, energy and industry February 27, 2024 — Malaysia’s prime minister has condemned a rising tide of […]
[Press Statement] FMT’s Article “Emulate Kedah’s speedy approval process” dated 20 February 2024
With reference to the above article quoting NCIA’s Chief Executive Encik Harris Sultan’s comments that “businesses in other northern states, including Penang – would have to wait for up to two years for necessary approval”, the state would like to clarify that industrial projects in Penang are allowed to commence construction work once the Building […]
Penang On Track to Take the Lead in Manufacturing Sector, Says CM
February 19, 2024 — Penang is set to cement its status as the leading state for manufacturing in the country following the groundbreaking ceremony of its Batu Kawan Industrial Park III. Scheduled to be completed within the next few years, the park will complement the existing industrial parks around the state, especially the Bayan Lepas […]
BCVC Looks to Elevate Semiconductor Industry
February 13, 2024 – The Economy Ministry acknowledges the necessity of a collaborative effort involving both the government and the private sector to leverage the potential “tsunami” of investment opportunities, particularly within the semiconductor industry. Towards this end, its minister Rafizi Ramli invites venture capital (VC) firms and fund managers to contribute to Malaysia’s economic growth […]