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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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Penang expects to add 40,000 new jobs PDF Print E-mail

By David Tan, The Star

June 26, 2010

 

GEORGE TOWN: There will be 20,000 to 40,000 new jobs in Penang following the opportunities created by medical, renewable energy, electronics and tourism industries in the state.

Chief Minister Lim Guan Eng said the state government was now negotiating with three medical companies from the United States to invest in Penang, which is fast becoming a medical device manufacturing hub.

“On top of new medical investments, established player B Braun is undertaking expansion plan costing RM1.75bil to increase its output by 50%.

“This exercise is expected to create 450 to 750 jobs for B Braun,” he said.

He added that the state government was in talks with a few foreign renewable-energy...

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Healthcare can bring RM10bil to economy, says Liow PDF Print E-mail

The Star, June 25, 2010

 

PUTRAJAYA: The healthcare industry has the potential to contribute RM10bil to the national economy by concentrating in four sectors, said Health Minister Datuk Seri Liow Tiong Lai.

The areas are pharmaceutical, production of medical equipment, health tourism and training of specialists.

“While this will be mostly private sector-driven, my ministry will facilitate and provide expert assistance to the concerned companies.

“It will be a challenging time for us...

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RM10 billion target for medical industry PDF Print E-mail

News Straits Times, June 25, 2010

 

PUTRAJAYA: The Health Ministry expects the medical appliances and equipment industry, along with the pharmaceutical industry, to contribute RM10 billion to the country's economy over the next 10 years.

Health Minister Datuk Seri Liow Tiong Lai said the anticipated growth was in line with Prime Minister Datuk Seri Najib Razak's National Key Economic Area thrusts.

"There is a lot of room for us to encourage growth in these industries and the ministry is...

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Top Glove to spend RM80m on new plants, lines PDF Print E-mail

top glove financial performanceBy Zaidi Isham Ismail, Business Times

June 25, 2010

 

TOP Glove Corp Bhd (7113), the world's largest rubber glove maker, plans to spend RM80 million until May next year to set up three new plants and increase production lines.

Chairman Tan Sri Dr Lim Wee-Chai said the expansion will bring the number of its factories and production lines to 20 and 459 respectively, producing 41.2 billion pieces of rubber gloves a year.

"The global rubber glove market is growing every year and we have to...

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Collaborate to develop halal parks, states told PDF Print E-mail

By Zurinna Raja Adam, Business Times

June 25, 2010

 

STATE governments are encouraged to share knowledge, experience and expertise among themselves to develop halal parks in their respective states.

There are eight halal parks in the country that are doing well, having collectively attracted RM4.8 billion in investment so far. They include Selangor, Negri Sembilan and Malacca.

In facilitating the orderly development of halal parks, Halal Development Corp (HDC), an agency under the...

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Firm wooing China investors PDF Print E-mail

chan wing kwongThe Star, June 24, 2010

 

BOLTON Berhad is targeting investors from China to take up the remaining units of the RM190mil Surin condominium project in Tanjung Bungah, Penang.



Group executive director Chan Wing Kwong(pic)said that the group had appointed marketing agents in Shenzhen, China, to promote the condominiums.

“So far, we have sold about 30% of the 190 units of the 28-storey Surin Tower A condominiums to buyers from Singapore and Japan.

“This augurs well for Surin because...

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