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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

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US-based Bose sets up plant in Penang PDF Print E-mail

By Premalatha Jayaraman

The Sun, May 8, 2012


KUALA LUMPUR (May 8, 2012): US-based audio equipment maker Bose Corp is setting up a manufacturing facility in Penang — its first in Asia-Pacific — to serve the booming market in the region, said its vice-president for manufacturing and global supply chain Bryan Fontaine.

He said the facility, its sixth wholly-owned manufacturing plant and first combined manufacturing and development facility in Asia-Pacific, will serve Asean countries, Australia, China, India, Japan, and the United Arab Emirates.

The plant, located on 9.2ha in Batu Kawan, is scheduled to open by mid-2013, he said.

"We chose Malaysia to continue the company's global standards for quality, competitiveness and...

Incentive plan to boost charter flights into Penang PDF Print E-mail

By Marina Emmanuel

Business Times, May 7, 2012



A charter flight incentive programme aimed at increasing tourist arrivals into Penang is being developed by the Northern Corridor Implementation Authority (NCIA) with a plan of zooming into segments like healthcare travel and business tourism.


NCIA chief executive Datuk Redza Rafiq said the authority is currently working with Malaysia Airports Holdings Bhd (MAHB) to finalise details and components for a charter programme, which...

More cheap homes for state PDF Print E-mail

By Han Kar Kay

The Star, May 4, 2012


THE Penang Government has identified a total of 31.16ha of land on the mainland and island for phase two of its affordable housing project.

Chief Minister Lim Guan Eng said details of the project would be released after acquiring a report from the Penang Development Corporation (PDC) and other experts.

“Meanwhile, under phase one, 4ha of land in Kampung Jawa in north Seberang Prai has been earmarked for mixed development, while 7.68ha in Ampang...

Global chip sector on upswing PDF Print E-mail

By Daniel Khoo

The Star, May 3, 2012

Local companies to gain from recovery and higher demand in the second half of the year

PETALING JAYA: The global semiconductor sector is experiencing a new upcycle and this should benefit the local technology companies that are part of the industry's supply chain.

According to the Semiconductor Industry Association (SIA), the worldwide sales of semiconductors showed a month-on-month (m-o-m) growth of 1.5% to US$23.3bil in March 2012 from US$23bil in...

Penang's ranking as 8th livable city in Asia bodes well for the future PDF Print E-mail

By Edmund Lee

theSun, April 27, 2012

GEORGE TOWN: Penang's latest achievement in being ranked the 8th most liveable city in Asia will boost the state government's efforts to make it a strong location of choice for foreign investors and tourists.

State Housing Committee chairman Wong Hon Wai said the ranking by global consultancy firm ECA International for the second consecutive year would also bring positive impact to the property sector here.

Speaking at the opening of the Penang...

Revised NAP to create 180,000 jobs in auto sector PDF Print E-mail

By Eugene Mahalingam

The Star, April 26, 2012

KUALA LUMPUR: The various initiatives under the next revision of the National Automotive Policy (NAP) is expected to create about 180,000 jobs in the local automotive manufacturing and after-sales sectors by the year 2020.

Malaysia Automotive Institute (MAI) chief executive officer Madani Sahari said human capital development was a prime focus within the new NAP, which, according to recent reports, will be tabled in Cabinet soon.


Local chipmakers upbeat on growth PDF Print E-mail

By David Tan

The Star, April 23, 2012

Increasing use of PCs in China, spending likely to drive sector in Q2

GEORGE TOWN: Rising consumption of PCs in China and increased global semiconductor spending are expected to drive the growth of local automated semiconductor equipment and chip-assembly companies in the second quarter, following a sluggish first quarter.

Vitrox Corp Bhd, Pentamaster Corp Bhd and Globetronics Technology Bhd are some of the companies supporting the semiconductor and...

Mida’s touch for Penang industries PDF Print E-mail

By Datuk Seri Mustapa Mohamed
International Trade and Industry Ministry (Miti)

Published in The Star, April 18, 2012

When globally renowned corporations set up their operations in Penang, the state’s industrial landscape is transformed.

This is the second of the two-part article on the success of Penang evolving from a primary-based economy to a highly industrialised one.

IN 1969, the Penang Development Corporation (PDC) was established to drive economic growth, urban renewal and...

Perfect 10 from Hong Kong to Penang PDF Print E-mail

cathaypacificBy Phuah Ken Lin

New Straits Times, April 17, 2012

FLEXIBILITY: Airline adds three more weekly direct flights after good demand from regular travellers

GEORGE TOWN: CATHAY Pacific Airways started its three additional weekly direct flights between Penang and Hong Kong recently.

With two extra flights a day on Tuesdays, Thursdays and Saturdays, passengers have more flexibility to travel as the number of flights between the two cities increased from seven to 10 per week.

There was only one...

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