TNB invests RM500 million for better power supply to Penang
In a bid to ensure reliable and constant supply of electricity to Penang, a RM500 million project will be implemented by Tenaga Nasional Malaysia (TNB) to this effect. The project…
Boost for Penang’s medical tourism sector
Penang’s medical tourism industry received a boost with the Pantai Hospital Penang hosting its ground breaking ceremony for its expansion. Penang Chief Minister Chow Kon Yeow officiated at the ground…
Smith + Nephew medical equipment firm opens in BKIP, Penang
Another world renowned medical firm opened in Penang. This time around, it was the United Kingdom based Smith + Nephew’s US 50 million plant at the Batu Kawan Industrial Park.…
Swiss company LEM makes RM70 million investment in Penang
Swiss company LEM will make a RM70 million investment in Penang for its first plant in Malaysia. The factory will also offer 500 new job opportunities and is expected to…
Sunway Carnival Mall doubles in size with RM500 million expansion
Sunway Carnival Mall opened its doors to shoppers in the Northern region at its soft opening recently. The opening also marks a committed occupancy of 95% and more to come…
TF-AMD Microelectronics to invest nearly RM2 billion in Batu Kawan Industrial Park
TF AMD Microelectronics Sdn Bhd announced a capital investment of nearly RM2 billion for its expansion plans for a second manufacturing facility at the Batu Kawan Industrial Park (BKIP). It…
South Korea’s SIMMTECH first investment in Penang
SIMMTECH, a South Korea-based global leading manufacturer for semiconductor packaging substrate and HDI Printed Circuit Board (PCB), held the grand opening ceremony for its Malaysia-based subsidiary, SUSTIO Sdn. Bhd. in…
US-based TTM Technologies brings RM550 million investment to Penang
Building on their success of attracting record investment, Penang received yet another US-based company to open its plant here. TTM Technologies, Inc. (NASDAQ: TTMI) (TTM), a global manufacturer of printed…
Penang attracts investment of a whopping RM76.2 Billion in 2021
Penang managed to attract a whopping RM76.2 Billion investment for the year 2021. This very impressive record is an all-time record of sorts as it surged 440% year-on-year. The numbers…
Attracting investment from the Middle East
A recent trip to Expo Dubai 2020 led by the Penang State Governor Tun Ahmad Fuzi Abdul Razak witnessed the signing of a Memorandum of Understanding (MoU) between Penang Development…