About Us

Established on the 5th of November, 2004, investPenang is a non-profit entity of the State Government with the sole purpose of promoting investments within Penang. investPenang aims to sustain, rejuvenate and further promote business activity through continued investments and at the same time explore new growth areas which are profitable....more

Welcome to investPenang.gov.my
Taiwanese startups target Malaysia PDF Print E-mail

Digital News Asia, 31 March 2014 

A GROUP of Taiwanese tech entrepreneurs leave Kuala Lumpur tonight, impressed after spending a week getting a feel for the Malaysian startup ecosystem and eager to tap the opportunities here.  

The group consisted of six startups, all investees of Taiwanese super angel fund appWorks Ventures, whose partner Joseph Chan led the group for its visit. AppWorks also runs its own accelerator and has invested in 10 of its accelerator graduates thus far. Investments have been in the US$5 million to US$10 million (RM16.4 million to RM32.7 million) range in syndication with other VCs.  

Somewhat surprisingly, Silterra Malaysia Sdn Bhd, a government-owned wafer fab, also had a role with its senior vice...

Weak ringgit attracting students PDF Print E-mail

The Sundaydaily, 30 March 2014 

KUALA LUMPUR: The weakening of the ringgit sees the higher education sector attracting more students and revenue from overseas into the country, Nanyang Siang Pau reported today.

Immigration statistics showed a surge in the number of foreign students, particularly Thai and Indonesians entering Penang, whose numbers had increased close to 40% in less than a year.

The ringgit, which started to slide against the US dollar in May last year, has...

Dragonair eyes 70pc load factor on Hong Kong-Penang route PDF Print E-mail

 Malaymail Online, 31 March 2014

GEORGE TOWN, March 31 ― Hong Kong-based full service carrier Dragonair expects a high 70 per cent load factor for its Penang-Hong Kong and vice versa route, which started yesterday.

Its chief executive officer Patrick Yeung said the target is on track with Penang being a fairly well-known name in Hong Kong due to the popular drama series featuring heritage trails in George Town.

“Dragonair starts its 10 weekly flights service between Hong Kong...

Making the world brighter PDF Print E-mail

The Star, 17 March 2014 

 Nationgate Solution (M) Sdn Bhd In Seberang Prai, Penang, Is Aiming For Its Light-Emitting Diode (Led) Products To Generate About Rm49mil Of Its Projected Rm491mil Revenue For Next Year.

NationGate senior research and development director C.K. Tan said the company’s new products, such as the 1,800 lumens and 2,600 lumens LED tubes marketed under the brandname BriteGate would be among the drivers of the projected revenue.

For this year, NationGate aims...

Penang aggressively courting German investors PDF Print E-mail

Malaymail Online, 5 March 2014 

Malaysian Investment Development Authority (MIDA) Director in Frankfurt S.Siva was also present during the event and fielded questions about technicalities and procedures relative to investments in Malaysia.

Using the success story of the German medical-device manufacturer, B. Braun, Siva said because of Penang’s unassailable position as an electronic and electric (E & E) manufacturing base, the island offered companies manufacturing products with strong...

Penang-Aceh ink new MoU to strengthen bilateral trade PDF Print E-mail

New Sarawak Tribute,19 March 2014 

Georgetown: Penang and Aceh continue to foster bilateral ties following the signing of a new Memorandum of Understanding (MoU) to strengthen in trade and investment.

Penang Chief Minister Lim Guan Eng said a MoU signed for the same purpose had expired last year.

“Among the sectors identified for collaboration is tourism and human resource development, trade and Investment as well as halal industry.

“The collaboration will enable us to explore...

Bank Negara sees economy growing 4.5% to 5.5% in 2014 PDF Print E-mail

The Star, 19 March 2014 

KUALA LUMPUR:  Bank Negara Malaysia (BNM) has forecast the country’s economy to grow at a more conservative 4.5% to 5.5% this year due to risks from the global economy and external factors.

The central bank’s forecast was slightly below the forecast of 5% and 5.5% envisaged by the Federal Government in the Economic Report 2013/14 released last year.

However, this is still stronger when compared with the growth of 4.7% in 2013.

According to the BNM Annual...

RM4.5bil worth of property to be developed in Penang PDF Print E-mail

The Star, 10 March 2014 

GEORGE TOWN: Kuala Lumpur and Penang-based developers will develop RM4.56bil worth of residential and commercial projects in Penang this year amid a challenging environment where the domestic property market is expected to soften.

About RM1.86bil worth of residential and commercial projects are being planned in the mainland – Seberang Prai – while the remaining RM2.7bil will be launched on the island.

The island, however, is seeing fewer residential property...

Approved investments in M’sia hit record RM216.5bil last year PDF Print E-mail

The Star, 28 February 2014 

KUALA LUMPUR: Malaysia's approved investments hit another record high of RM216.5bil last year, up from RM167.9bil in 2012, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said today.

A total of 5,669 investment projects were approved last year, and are expected to create some 192,000 jobs, offering more managerial, supervisory and technical positions with higher income to Malaysians, the minister said.

About 72.5% of last year's...

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