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...
News
by TH Ng 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...
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...
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...
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...