Source: White House 3 April 2025 PENANG, MALAYSIA - In a significant move that is poised to reshape global trade, U.S President Trump announced the implementation of "Liberation Day Reciprocal Tariffs" on April 2, 2025. This policy shift has sent waves of concern across Asian economies, including Malaysia, particularly impacting Penang’s industrial sector. Details of the Tariffs The new tariff...
2025
by Bayan Lepas, Penang – April 2, 2025 – A recent U.S. government report evaluating foreign trade barriers, coupled with the impending announcement of new U.S. tariffs on President Trump's "Liberation Day," creates a climate of uncertainty for Malaysian trade and investment, with potential significant implications for the industrial sector in Penang. USTR Report Details Malaysian Trade...
New Investor Pass Facilitates Fast-Track Entry for Global Investors And Businesses From 1 April 2025
Image Source: MIDA KUALA LUMPUR, 28 March 2025 – Effective 1 April 2025, the Malaysian Investment Development Authority (MIDA) will spearhead a new innovative immigration initiative called the Investor Pass, presenting a major improvement in the nation’s investment proposition. The Investor Pass – with its enhanced entry mechanism designed specifically for existing and new investors under the...
Introduction This report provides an overview of the industrial property market in Penang for the year 2024. The analysis is based on data extracted from two key publications by the National Property Information Centre (NAPIC): the Northern Region Property Market Report 2024 (NAPIC 2024a) and the Property Market Report 2024 (NAPIC 2024b). The objective is to summarize market activity, supply and...
March 25, 2025 – A significant initiative aimed at bolstering Malaysia's position in the global economy, the 'United Local Synergy Programme,' was launched at Greatech Integration (M) Sdn Bhd in Batu Kawan today. The program focuses on strengthening the local supply chain and driving innovation. The event marked the formation of a strategic alliance between seven industrial leaders: Greatech...
22 March 2025: PENANG plays a crucial role in precision manufacturing, electronics engineering, and automation, attracting global investments and strengthening Malaysia’s position in the international supply chain. Chief Minister Chow Kon Yeow emphasised that the machinery manufacturing industry is a key pillar of the national economy, driving industrial modernisation, technological innovation, and...
Introduction Penang, Malaysia, has earned the moniker the "Silicon Valley of the East," and for good reason. This dynamic state offers a compelling mix of strategic advantages that make it a prime destination for foreign investors, particularly those in industrial sectors. This article delves into the key factors that position Penang as a leading investment hub in Southeast Asia. Penang's Strengths...
March 21, 2025 – Hotayi Electronic (M) Sdn. Bhd. launched its ambitious Phase 3 expansion today with a groundbreaking ceremony in Batu Kawan, Penang. The RM500 million investment will create a cutting-edge smart manufacturing facility spanning 380,000 square feet. The project will generate 1,000 new high-skilled jobs in the region. The ceremony was attended by key customers, government officials, and...
