In FY2017, ViTrox’s net profit rose 28% to RM83.02 million — exceeding analysts’ consensus forecast of RM82 million — up from RM64.85 million the year before. The group’s revenue jumped 40% year on year to RM327.49 million.
The latest addition in SPICE Arena at 10,465 sq. ft. aims to support the growing demand of MSC status office space in Penang.
DHL Express has welcomed its first ever Airbus A330-300 aircraft at its Penang Gateway, making Malaysia the first country in the world to operate the first of its four A330-300s.
JLL MALAYSIA Sdn Bhd, a subsidiary of Japan Lifeline Co Ltd, is investing RM70mil in Penang over the next two years.
The seed fund represents various initiatives undertaken by the state to boost the manufacturing sector, especially for it to migrate into the next phase of high-tech (artificial intelligence, Industrial 4.0 and big data management).
Garuda Indonesia's low-cost subsidiary Citilink is about to open a new route between Jakarta and Penang in Malaysia, marking the beginning of its planned expansion into the Southeast Asian region.
The 70,000 sq ft facility includes temperature-controlled and ambient storage space, office space for in-plant customers, advanced materials handling equipment, an advanced warehouse management system and Customs stationed on-site to facilitate on-time clearance.
Penang more than doubled its total investments in 2017, hitting RM10.8 billion from RM4.3 billion in 2016.
Its chief executive officer Datuk Azman Mahmud said RM80 billion of the said target will be for the manufacturing and manufacturing-related services sectors, including investments from the setting up of 12 additional companies that will establish their principal hubs (PHs) in Malaysia.
Launched in 2016, the programme has pooled together passionate lecturers, researchers, scientists, engineers and mathematicians from the academia, professional bodies and the industry to offer guidance in promoting better understanding of STEM and provide the expertise to nurture talents in the field, mainly among students from Forms One till Three.