Penang Chief Minister at MICCI Luncheon (Penang Hyperlocal) GEORGE TOWN, Penang – The Penang state government is taking proactive measures to address potential traffic challenges arising from its ambitious pipeline of infrastructure projects, a move that is expected to further bolster the industrial property market. Chief Minister Chow Kon Yeow has assured the public and investors that comprehensive...
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by GEORGE TOWN, Penang – All land rezoning applications for properties in Seberang Perai will only be processed after June 30, 2025, following the official gazetting of the Seberang Perai Local Plan Draft (DRTSP 2030). This crucial development was confirmed in a 4th June statement by State Local Government and Town & Country Planning Committee Chairman YB H'ng Mooi Lye. Key Deadlines June 30,...
Silicon Island Reclamation Progress 29th May 2025 30 May 2025; Penang, Malaysia – Significant progress is underway for the landmark Silicon Island development, with approximately 150 acres (around 60 hectares) of land successfully reclaimed as of April 2025. This marks a key milestone since the project's official commencement, signaling a tangible step towards realizing Penang’s vision as a leading...
Malaysia-ARM Strategic Partnership Briefing & Engagement Session (InvestPenang) May 8, 2025 – Penang's strategic push to become a global powerhouse in semiconductor innovation took another significant step forward today. InvestPenang, spearheading the "Penang Silicon Design @5km+" initiative, in collaboration with the Ministry of Economy, the Malaysian Investment Development Authority (MIDA), and...
Sustio Building 2 Opening Ceremony - Buletin Mutiara, Adleena Rahayu Ahmad Radzi Penang, Malaysia – April 30, 2025 – The industrial landscape of Penang received another significant boost today with the official completion of Sustio Sdn. Bhd.'s Phase 2 expansion in Batu Kawan Industrial Park. Sustio, a key Malaysian subsidiary of the South Korea-based SIMMTECH Group, has invested RM326 million in...
22 April 2025: The United States Commerce Department announced on Monday 21 April new anti-dumping and countervailing duties on solar panel imports from Malaysia, Vietnam, Thailand, and Cambodia, following a yearlong investigation. The probe concluded that manufacturers in these countries were unfairly benefiting from government subsidies and selling exports to the US below production...
YAB Chief Minister Chow Kon Yeow speaks at the Education Summit. (Photo by Siti Nuratikah Rahmat, Buletin Mutiara) 21 April 2025, Georgetown, Penang: The “Empowering Education Summit 2025” held in Penang serves as a timely reminder of a crucial factor underpinning the state's renowned industrial success: a well-educated and adaptable workforce. CM Chow:...
According to InvestPenang's latest Press Release on 8th April 2025, the manufacturing and export sectors in Penang are bracing for significant challenges following the recent imposition of a 24% tariff on exports to the United States. Industry players, especially export oriented companies and their suppliers, are urgently reviewing strategies to mitigate the impact on their operations,...
Source: DOSM Penang, Malaysia – According to a recent report by the Department of Statistics Malaysia (DOSM), Penang has once again asserted its dominance in the nation's export sector. The February 2025 data reveals that Penang's exports reached RM40.5 billion, constituting a significant 34.2% of Malaysia's total exports of RM118.3 billion. The state's export sector has demonstrated...
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...
