{"id":39516,"date":"2022-04-04T14:51:48","date_gmt":"2022-04-04T06:51:48","guid":{"rendered":"https:\/\/investpenang.gov.my\/penang-state-government-launched-rm500000-internship-subsidy-program-as-one-of-its-initiatives-to-attract-150000-talents-in-the-next-5-years\/"},"modified":"2025-11-28T14:19:07","modified_gmt":"2025-11-28T06:19:07","slug":"penang-state-government-launched-rm500000-internship-subsidy-program-as-one-of-its-initiatives-to-attract-150000-talents-in-the-next-5-years","status":"publish","type":"post","link":"https:\/\/investpenang.gov.my\/zh-hans\/penang-state-government-launched-rm500000-internship-subsidy-program-as-one-of-its-initiatives-to-attract-150000-talents-in-the-next-5-years\/","title":{"rendered":"Penang state government launched RM500,000 Internship Subsidy Program as one of its initiatives to attract 150,000 talents in the next 5 years"},"content":{"rendered":"

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Penang state government launched RM500,000 Internship Subsidy Program as one of its initiatives to attract 150,000 talents in the next 5 years<\/h1>\n

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31 March 2022<\/p>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css=”.vc_custom_1703764846254{background-color: #f3f5f8 !important;}” z_index=””][vc_column el_class=”fade-in animate”][vc_empty_space height=”120px” el_class=”height-x120″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=””][vc_column_inner][vc_single_image image=”30044″ img_size=”full” qode_css_animation=”” el_class=”single-featured-image”][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”60px” el_class=”height-x60″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”content-row”][vc_column_inner][vc_column_text]Penang, Mar 31, 2022 \u2013 Penang has recently announced its applaudable manufacturing investment performance in 2021, hit a record high of RM76.2 billion investment inflows, according to data from the Malaysian Investment Development Authority (MIDA). Driven predominantly by the foreign direct investments (FDIs), the investment projects garnered in 2021 are expected to generate 12,024 new job opportunities in the State. Notably, the rising trend in investment value per job created signifies that Penang is constantly attracting high value-added investments, which serves as a good omen for the job seekers in securing high income jobs.<\/p>\n

Underpinned by the rapid growth of Penang\u2019s industrial ecosystem, a healthy talent pipeline is crucial to meet the heightened industrial demand. Holding on to that, the State has carried out multifaceted approaches in talent attraction and development, continuously bolstering Penang\u2019s welcoming and conducive environment to finding and keeping the right talent. Today, the Right Honourable Mr. Chow Kon Yeow, Chief Minister of Penang, has unveiled a new programme under the umbrella of the State\u2019s talent initiatives, namely Penang Internship Subsidy Programme (PISP)<\/strong>.<\/p>\n

During the virtual press conference, Chow shared that PISP is a special internship program with the aim to support local companies in attracting talents to Penang. \u201cThe State aspires to attract 150,000 knowledge workers over the next 5 years. PISP is introduced to unlock vast career opportunities for the talent to experience Penang\u2019s captivating live-work-play balanced lifestyle, complemented by the State\u2019s vibrant arts and cultures, holistic green initiatives, strong digital connectivity as well as developed infrastructure and mobility. With the mission to further enhance the State\u2019s effort in attracting an influx of talent, PISP offers monthly wage subsidy amounting to RM300\/intern for a maximum period of six months when companies recruit talent throughout 2022. In other words, qualified companies are eligible to claim up to RM1,800\/intern.\u201d<\/p>\n

\u201cCelebrating the 50th<\/sup> anniversary of Penang\u2019s industrialisation this year, it is envisaged that Penang\u2019s five decades of manufacturing excellence is poised to drive the State to the next level, especially with the significant uptake of emerging technologies among our industry players. On this note, the State is cognizant that the vibrant industry in Penang did not emerge overnight. Penang\u2019s strong talent pool is definitely one the key competitive edges that the State values and will continue to uphold. I hope that PISP can be the talent gateway to the countless opportunities in Penang that are waiting to be discovered,\u201d said Chow.<\/p>\n

Eligibility criteria to apply for PISP<\/strong><\/p>\n

PISP is open for all SSM-registered companies that have presence in Penang. The company must hire a minimum of three interns in the areas of science, technology, engineering, mathematics and accounting. Hiring needs to be done throughout 2022 and the minimum monthly allowance has to be at least RM1,200 per intern.<\/p>\n

Application can now be made online via www.penangcatcentre.my<\/a> and the closing date falls on 31 December 2022.<\/p>\n

END<\/strong><\/p>\n

About InvestPenang <\/strong><\/p>\n

InvestPenang is the Penang State Government\u2019s principal agency for promotion of investment. Its objectives are to develop and sustain Penang\u2019s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centres. To realize its objectives, InvestPenang also runs initiatives like the SMART Penang Centre (providing assistance to SMEs), Penang CAT Centre (for talent attraction and retention) and i4.0 seed fund (a catalyst for the start-up ecosystem). For more information, please visit https:\/\/investpenang.gov.my\/<\/a><\/p>\n

Do follow us on InvestPenang\u2019s social media channels: Facebook<\/a> ; LinkedIn<\/a><\/p>\n

For media enquiries, please contact:<\/u><\/strong><\/p>\n

Yeoh Bit Kun\/ Ooi Phei Wen<\/p>\n

bitkun@investpenang.gov.my<\/a> \/ pheiwen@investpenang.gov.my <\/a><\/p>\n

InvestPenang<\/p>\n

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