WHAT’S HAPPENING

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

财长:将推1亿华商微型贷款 公开国内小型华商借贷

财政部长林冠英披露,希望联盟政府将在2020年破天荒推出1亿令吉的“华商小型企业微型贷款”公开予国内小型华商借贷,这是有史以来数额最高一次,并将在2020年正式实行。 他指出,华裔商家即日起就能到国家储蓄银行(BSN)申请这项贷款 […]

[Press Release] Various Initiatives to Navigate through Challenging Environment

After a rosy performance in 2019, Penang’s investment momentum is expected to be at a slower pace in 2020. Working together with the federal government, the Penang State government has strategized to face the challenges […]

[Press Release] Penang Recorded RM13.3 Billion of Total Approved Manufacturing Investment in Jan-Sep 2019

Penang attracted RM13.3 billion of total approved manufacturing investment in Jan-Sep 2019, up 247% year-on-year and has surpassed 2018’s full year amount of RM5.8 billion. Penang contributed 23% of Malaysia’s total manufacturing investment in Jan-Sep […]

National Instruments in RM170m expansion of Penang ops

Thursday, 21 Nov 2019 12:26 PM MYT BY OPALYN MOK GEORGE TOWN, Nov 21 — National Instruments (NI) announced a US$40 million (RM170 million) expansion of its facility in Penang today. NI chief executive officer […]

The Trade War May Help Penang Return to Its Glory Days

The Malaysian state’s electronics industry thrives as Chinese manufacturers seek neutral territory. By Michelle Jamrisko and Anisah Shukry Penang’s pastel-hued, colonial-era buildings speak to the Malaysian island’s history as a key trading post for the […]

[Press Release] Smith+Nephew chooses Penang, Malaysia for new high technology manufacturing facility

British company expects to create up to 800 new jobs over the next five years PENANG, Nov. 19, 2019 – The Penang government and Smith+Nephew, the global medical technology business, are pleased to announce that […]

Trade war rejuvenates ‘Silicon Valley’ firms in Malaysia

PENANG, Malaysia (Reuters) – Years after resisting pressure to move to China, Lee Hung Lung says his bet has paid off. Sales at his Malaysia-based Hotayi Electronic are surging, it’s hiring more workers, considering an […]

Chow leads Penang delegation to Armenia for WCIT 2019

GEORGE TOWN: Penang Chief Minister Chow Kon Yeow will be leading a state delegation to the 23rd World Congress on Information Technology (WCIT) 2019 at Yerevan, Armenia, from Oct 6 – 9. According to a […]

Facebook’s Libra will be disruptive, says ECB’s Coeure

LUXEMBOURG (Reuters) – Digital currencies such as Facebook’s (FB.O) Libra will disrupt the financial system, either by forcing central banks to innovate or by grabbing a global role that could challenge the dominance of the […]

19 January

UBS Greater China Conference 2020

Event Background
Date: 13 – 14 Jan 2020
Venue: Grand Tower, Pudong Shangri-La, Shanghai

GCC: Is the World Shifting to Two Supply Chains?

The world may be moving towards two global supply chains as manufacturers wary of the U.S.-China trade war seek to retain China as a market while also continuing to supply the U.S., the UBS Greater China Conference in Shanghai was told today.

However, foreign companies quitting China to reduce the risk of the trade war and save costs may in fact be incurring more costs and problems than they save, a panel of experts agreed.

In a session entitled “China’s Shifting Supply Chains: The Perspective from the Rest of Asia,” Lee Kah Choon, Special Investment Advisor to the Chief Minister of Penang, Bert Hofman, Director of the East Asia Institute at the National University of Singapore, and William Dong, Head of UBS Securities Taiwan, were skeptical that a major shift will take place and cautious about the benefits.

“A lot of Taiwanese companies are clustered in China and when it comes to selecting new sites, they are not always in agreement,” Mr Dong told the conference. Some are going to Malaysia and others to Vietnam and Mexico. Supply chains gets longer and longer, logistics get more challenging. The cost of production can increase, believe it or not.”

Nor do other countries have anything like the capacity to accommodate companies moving out of China, which accounts for more than 20 percent of global manufacturing while its rivals generate only a small fraction of that, Prof. Hofman said. “The overall capacity of China is so massive that you can only expect so much from this outsourcing,” he told delegates. “Infrastructure in other countries is still a bottleneck.”

Mr. Lee said that to compete with China for U.S. markets, countries such as Malaysia should not be first and foremost focusing on cost to produce as cheaply as possible. “The world is bigger than China and the US,” he said, noting that the rest of the world still accounts for some 60 percent of global markets.

The present disruption, he said, wasn’t a “winners and losers” situation, but he did see the possibility of the world developing two supply chains as countries sought to ensure they had alternative markets.

‎ENDS

19 January

International Electronics Elite Forum and Run 2019

Event Background:

In order to enhance the transformation of Penang into one of electronic manufacturing and sourcing centers in the world, the Shenzhen Terminal Electronics Manufacturing Association (TEMA) is organizing the International Electronics Elite Forum and Run (IEEFR) 2019 in Penang from August 16 to 18, 2019. This event is co-organized by investPenang, endorsed by the Malaysian Investment Development Authority (MIDA) and the execution units are IEEFR Sdn Bhd and Actifestyle Concept Sdn Bhd. Nearly 300 guests including YAB Chow Kon Yeow, the Chief Minister of Penang, and His Excellency Lu Shiwei, Consul-General of the People’s Republic of China in Penang were invited to attend the forum.

Event Highlights
The organizer has extended invitation to about 200 local industry leaders in Penang. At the same time, about 100 Chinese electronics manufacturers and leaders of China’s electronic equipment manufacturing companies, including ZTE, were also invited to participate in this event. Elites from the electronics manufacturing sectors in Japan, South Korea, Germany, and the United States of America were also invited to the event.

The IEEFR 2019 will emphasize on the importance of Penang and Malaysia in the global electronics industries; participants will have the opportunity to understand on the capability of electronics manufacturing, technology and opportunities available here. It will also facilitate and promote stronger collaborations between the local companies and foreign companies from all over the world.

The organizer is also collaborating with PSDC to organize the International Electronic Elite Run on August 18, 2019. The run will be divided into 7 categories to cater for the different needs of the participants and expect to attract more than 1,500 participants.

For registration and more information, please visit URL below

– International Electronics Elite Forum https://www.actifestyle.com/view_event.php?event_id=73
– International Electronics Elite Run https://www.actifestyle.com/view_event.php?event_id=72 

Register click here

Thank you

 

19 January

5th Penang GBS Conference 2019

With over 50 years of industrial development, Penang is not only known as the Silicon Valley of South East Asia for its manufacturing success, but also a preferred location for the fast growing and thriving global business services (GBS) industry.

Today, the GBS industry remains one of the key drivers of growth propelling Penang’s planned transformation into a high value knowledge based State.

This is evident with the existence of more than 50 GBS centers/ CoEs who have made Penang their home, generating more than 12,000 high income jobs and serving both regional and global markets It is a testament to the fact that Penang certainly has a lot to offer!

Regardless of the industry sector you are targeting, whether you have an existing presence in Penang or are looking to establish a new set up, Penang GBS Conference 2019 (in its 5th edition) will provide great insights on strategies implementation of setting up in the new digital era.

Come and network with your peers, receive up to date information on government policies, and benchmark best practices in GBS
to make your organization remain competitive!

Date: 22 August 2019

Time: 8:00am – 5.00pm

Venue: Hotel Equatorial Penang

Info Pack: https://drive.google.com/open?id=1ZlZdHZA9N0kTWmkijd19o7uA3LcKYswo

Registration Form: https://drive.google.com/open?id=16EU7b9aojJ6ffsIf4doJU8_JYCzbdr-l

 

19 January

Islamic Finance Rendezvous Series 2019 – Islamic Finance for All

This program aims to provide insights to the businesses about the variety of financial products and services offered by Islamic Financial Institutions (IFIs) and how these offerings can help to propel your business further. Grab the opportunity to interact with industry experts and participate in the exclusive business matching session with participating IFIs.

Free admission. Seats are limited.

Register NOW!

For more information, please download the information pack from https://drive.google.com/open?id=1QKS_QeqGjf4Z-MsuF9XcMix-sSJK55W1

19 January

Penang SME Connexion 2018

Followed by the overwhelming response received in the previous SME Seminars, we are pleased to once again invite your goodself to join us in an all-new seminar: Penang SME Connextion 2018.

Date: 27 November 2018 (Tuesday)
Time: 8.30am to 2.00pm (registration starts at 8.30am)
Venue: Grand Ballroom, Level 7, Olive Tree Hotel, Penang
Commitment fee: RM 20 per representative, based on ‘first come, first served’ basis.

WOW! Enjoy Early Bird promotion at RM 20 for TWO representatives for registration completed before 12 November 2018.

For registration, click https://goo.gl/forms/nC6wfb67pLZSKnax1. More information can be found in our Facebook page at www.facebook.com/investpg.

Further inquiry, please contact William at 04-646 8833 or william@investpenang.gov.my

Thank You!

19 January

Logo Design Competition

investPenang would like to invite design studios to participate in a logo design competition as part of our new Corporate Visual Identity. This is an opportunity for the local studios to showcase their design capabilities through our 3 brands (investPenang, SMART Centre & CAT Centre) with extensive domestic and international exposure.

The details of the competition can be downloaded from the link below (together with the entry form):

https://tinyurl.com/yar5fgoa

Alternatively, you can download the guidelines from this link:

https://drive.google.com/open?id=1PN7eAa0kboWhtI9X79ho-ws6kOTUKghe

If you have any inquiry on the competition, please do not hesitate to contact Andy at andy@investpenang.gov.my.

 

The grand prize of RM10,000.00 awaits the winning entry! Let the design-athon begins! 

19 January

Penang i4.0 Seed Fund Launching Ceremony

On 10th March 2018 (Saturday), the Penang State Government through investPenang & @CAT Penang will officially launch the USD 1 million Penang i4.0 Seed Fund, specially customized for local tech startups.

In our efforts to realize Penang’s mission to become the Silicon Valley of Asia, the Penang i4.0 Seed Fund is established to further enhance and develop the local start-up industry, encapsulating ‘Powered in Penang’ capabilities. Managed by investPenang via @CAT Penang, the Penang i4.0 Seed fund is aimed at providing funding for new inventions and encourage innovation to help create awareness and increase participation in the Industry 4.0 revolution & digital economy currently sweeping the world. It is only then that Penang can realize its full potential as the regional hardware hub and Asia’s Silicon Valley as cited by British Broadcasting Corporation’s (BBC) recent report.

The official launch, which will be officiated by our Guest-of-Honour, The Rt. Hon. Mr. Lim Guan Eng, Chief Minister of Penang, will highlight key details about the programme.

On that note, it gives us great pleasure to invite you to this prestigious launching event. The event has been scheduled as follows:-

  • Date: Sat, 10 March, 2018
  • Time: 12.00 pm – 2.00 pm
  • Venue: Level 3, @CAT Penang, Wisma Yeap Chor Ee, China Street Ghaut, Weld Quay, 10300 George Town, Penang. (https://goo.gl/maps/cpiXzMV4RTv)

 

Programme:-

11.00 am // Registration & Networking (light refreshments will be served)

12.00 pm // Arrival of Guest of Honour, The Rt. Hon. Mr Lim Guan Eng, Chief Minister of Penang

12.05 pm // Keynote Address by The Rt. Hon. Mr Lim Guan Eng, Chief Minister of Penang

12.30 pm // Introduction of Penang i4.0 Seed Fund

12.50 pm // Launching Ceremony

13.00 pm // Lunch & Networking, Penang i4.0 Seed Fund information booth opens, Press Conference (for media)

14.00 pm // End of Programme

Register for your seats here. Limited seats – so make your move fast!

19 January

Invitation to Participate: In Style � Hong Kong Symposium

Invitation to Participate: In Style • Hong Kong Symposium

7 November 2017

Mandarin Oriental, KL

In Style • Hong Kong is a large-scale signature promotion campaign aims to highlight Hong Kong’s vibrant and unique lifestyle and creativity, showcase branded and design-led products as well as present world-class services, which together have established Hong Kong as a leading trendsetting city in the region.  This high-profile promotion will include a trade expo showcasing a wide array of quality branded and design-led lifestyle products from Hong Kong, a service symposium featuring a range of business services, a high-level gala dinner welcoming prominent officials and business leaders from Malaysia and Hong Kong, and a series of citywide promotions to engage Malaysian consumers.

In a nutshell, industries of focus are:-

•       7 November 2017 – Symposium & breakout sessions with Business Consultations:  finance, legal, creative & design, logistics, public key infrastructure

•       7-8  November 2017 -Trade Expo with Business Matching meetings: Gifts & premium, fashion & lifestyle accessories, electronic gadgets

For more details, please visit  https://www.instyle-hk.com/index_en.html.

To pre-reg online, please click here

19 January

CROWD ECONOMY CONFERENCE (CEC) 2017 @ PENANG

DATE AND TIME

Thu, March 9, 2017

9:00 AM – 4:30 PM MYT

LOCATION

The Wembley – A St Giles Hotel

183, Jalan Magazine

George Town, Pulau Pinang 10300

 

ABOUT THE CONFERENCE

  • The Crowd Economy Conference (CEC) is a multi-stakeholder gathering to facilitate sharing of enterprise-ready CROWDSOURCING solutions, and discussion on opportunities and challenges in adopting and leveraging crowdsourcing; sharing economy approaches and solutions.
  • CEC provides the avenue for direct engagement between CROWDSOURCING solutions providers and corporations who seek to identify, understand and review enterprise crowdsourcing solutions that can address their business requirements.
  • SMEs, MNCs and GLCs, including selected Government’s Agencies & Ministries are invited to participate in CEC.

 

JOIN US IN THE CONFERENCE TO:

  1. Understand the new emerging crowdsourcing business & technology trend, and the need to respond and participate in it.
  2. Gain experience of other corporations, and recommendations on practical approaches in adopting crowdsourcing
  3. Discover different crowd-based solutions offered by local crowdsourcing platform that could be considered to address some of your business operational requirements.
  4. Grab the opportunity for one-on-one discussion and meeting with local crowdsourcing platform players for potential strategic partnership.
  5. Acquire information on the opportunity to try-out crowdsourcing solution via a co-creation programme that MDEC is offering.

REGISTRATION LINK

https://www.eventbrite.com/e/crowd-economy-conference-cec-penang-2017-tickets-31682354776

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