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

Malaysia Pushes Tech Hub to Help Economy Ride Out Pandemic

Malaysia’s technology cluster in Penang is helping drive an economic recovery that could see the country bounce back faster than any of its peers in Southeast Asia. The northern state drew 6.8 billion ringgit ($1.6 […]

Ultra Clean Expands Global Footprint – Adds to Malaysia’s Vibrant Industrial Ecosystem

Penang, July 30, 2020 – Ultra Clean Holdings, Inc. (NASDAQ: UCTT) today announced its expansion into Malaysia and will be setting up a manufacturing facility in the Batu Kawan Industrial Park, Pulau Pinang. In welcoming […]

Promising Manufacturing Investment Inflows of RM7.1 Billion in 1Q2020

For Immediate Release PRESS RELEASE Driven by the foreign direct investments (FDI), Penang recorded a promising RM7.1 billion approved manufacturing investments in 1Q2020. There are still opportunities in targeted industries for Penang to seize, amidst […]

Keysight completes US$330mil Eggplant acquisition

Keysight Technologies Inc has completed its US$330 million acquisition of Eggplant from The Carlyle Group. NSTP/WEB KUALA LUMPUR: Keysight Technologies Inc, which has a primary manufacturing and order fulfilment site in Malaysia, has completed its […]

Spotlight on Lam Research – Expanding Capacity as a Global Company

By NG Bee Bee, President SEMI Southeast Asia Interview with Andrew Goh, Vice President & General Manager South East Asia at Lam Research Question: Thank you for taking the time to sit down with SEMI […]

PDC Affordable Housing Scheme

Penang Affordable Housing Scheme Penang Affordable Housing Scheme (PMM) is a Penang State Government initiative in an effort to provide quality housing at affordable prices for Penangites. Through the PMM scheme, the State Government aims […]

Latest Update as of 24 June 2020 Entry Permission for Expatriates

Latest Update as of 24 June 2020 Entry Permission for Expatriates with an Active Pass and Approved Application who are Abroad as Announced by the Malaysian Government on 19 June 2020 24 June 2020 1. […]

[Press Release] DexCom, Inc.’s investment further enhances Penang’s position as a leading medtech hub

      Press Conference – Dexcom’s investment announcement (24 Jun 2020): https://www.facebook.com/buletinmutiara/videos/289335712258255/ Click HERE for CM’s speech. PENANG, June 24, 2020 – The Penang state government is pleased to announce that DexCom, Inc., a […]

Allen Healthcare plays its role in developing test kits

In this series of ‘Made in Penang: Pitching in to fight Covid-19’, InvestPenang continues to feature Penang companies and products that support local and global healthcare needs during this pandemic period. This fourth article in […]

12 August

SMART Capability Building Workshop: Let’s Engage! Financing Assistance by SME BANK (Online – Webinar)

Title                       : Let’s Engage! Financing Assistance by SME Bank (Online – Webinar)

Co-organizer        : SME Bank

Date                      : July 28, 2020 (Tuesday) @ 1000-1130

Background and objectives of the workshop

SME Bank Let’s Engage is a dedicated engagement session with identified industry players to access information on the financing facilities and capacity building programs offered by SME Bank and its subsidiary, Centre for Entrepreneur Development and Research (CEDAR).

Who should Attend:

  • SMEs as defined by the National SME Development Council
  • SMEs majority owned by Malaysian
  • SMEs minimum 2 years in operation

Highlight of the Webinar:
SME Technology Transformation Fund (STTF)

– which is part of the Government’s economic stimulus package to provide financial assistance to Small and Medium Enterprises (SMEs) to adopt digitalisation and/or automation in their business operations in achieving higher productivity, process efficiency, efficient cost management and greater market penetration.


About SME Bank

SME Banks was established in 2005 is now one of the nation’s leading Development Financial Institution (DFI) wholly-owned by the Ministry of Finance and regulated by Bank Negara Malaysia (BNM). SME Bank, an agency under the Ministry of Entrepreneur Development and Cooperatives (MEDAC), is fully committed in driving the nation’s economic growth by providing not only financing assistance, but also development expertise to small and medium scale enterprises, allowing those business to prosper and grow. 


For RSVP, please click here

  • Participation to the event is FREE.
  • All interested participants shall register online by completing the information required.
  • The registration shall close on July 27, 2020 (Monday).
  • For further inquiry and should you face any problem in online registration, please contact William Email: william@investpenang.gov.my or Tel: 04-646 8833

Thank you.

12 August

SMART Capability Building Workshop: Discover How Branding Can Improve Your Revenue

Title                       : Discover How Branding Can Improve Your Revenue

Co-organizer        : Connecty

Proposed Date    : 20th Feb 2020 (Thu), 10am to 12noon.

Venue                   : InvestPenang Conference Room

Background and objectives of the workshop

A strong brand allows a business to tap into opportunities globally, especially in times of economic uncertainties. In this session, the featured speaker will share on the importance of brand building and how it can be highly beneficial for long term business growth and profitability.

Presentation outline

  1. What is Branding?
  2. Why is it important, especially to B2B?
  3. How to start your brand journey?

Key takeaways/benefits to the SME businesses

Participants will have a better understanding of (1) what Branding is, especially in the B2B environment, (2) the importance of Branding for long term growth and increased revenue, (3) take action to kick start their branding process or to enhance their existing plans.

Featured Speaker Profile 

Nick’s insights and expertise in Branding and Digital Media serves as an enabler for businesses to express their true identity; creating lasting impressions, improving audience engagements and ultimately elevating the brand experience.
With over 10 years of industry experience working with international and local clients, Nick can maximize the value and exposure of creative solutions deployed for businesses.


Connecty is a local company that assist brands and business in building their brand identity and presence in today’s connected world. Their insights and expertise in Branding and Digital Media enables brands and businesses to express their true identity with an authentic voice. As a result, this creates lasting impressions, improves audience engagements and ultimately elevates the brand experience. Connecty’s core competencies include Graphic Design, Website Design & Development, Copywriting, Multimedia, Social Media Management and Website Maintenance & Support.

For RSVP, please click here

  • Participation to the event is FREE.
  • All interested participants shall register online by completing the information required. As seats are limited, acceptance of registration will be on ‘first come first served’ basis, and each company will be allocated maximum of 2 representatives only.
  • The registration shall close on Feb 14, 2020 (Friday).
  • For further inquiry and should you face any problem in online registration, please contact William Email: william@investpenang.gov.my or Tel: 04-646 8833

Thank you.


12 August

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.


12 August

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


12 August

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


12 August

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

12 August

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!

12 August

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):


Alternatively, you can download the guidelines from this link:


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! 

12 August

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)



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!

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