News & Articles

Penang to house Ericsson’s first 5G manufacturing facility in Southeast Asia
Global 5G leader Ericsson has strengthened its socioeconomic contribution to Malaysia by producing its state-of-the-art 5G radio equipment in Penang, marking the company’s first 5G manufacturing facility in Southeast Asia. The company, which has been in Malaysia since 1965, is rolling out the 5G network in Malaysia. It has already been ... Read More

More proposals to help the B40 get homes
A National Housing Fund that will help B40 families buy their first home could be on the cards, says Local Government Development Minister Nga Kor Ming. This would be a new concept to help these families own houses, and among the proposals was that the government provide the 10% down ... Read More

Bosch opens semiconductor backend site for chips in Batu Kawan
Bosch, German-based engineering and technology company, plans to invest RM1.62 billion in phases within the next decade in its operations here to strengthen the global supply chain for semiconductors. Member of the Bosch Mobility Sector Board, Klaus Maeder said the long-term investment is a testimony to the company’s commitment towards ... Read More

Enovix and YBS commemorate new manufacturing facility in Penang
Enovix Corporation (Enovix) an advanced silicon battery company, and YBS International Berhad (YBS), a Malaysia-based investment holding company will hold an official signing ceremony later today (Aug 1), to commemorate its new manufacturing facility in Penang Science Park. The event will include welcome addresses by the Minister of Investment, Trade ... Read More

SITE PROGRESS: Sanctuary Terrace (July 2023)
About Sactuary Terrace A residential development by IJM Land at Alma in Bukit Mertajam. Located on 8.9 acres of land along Jalan Santuari 2, about a 20-minute drive to both Penang bridges. Nearby amenities include AEON Mall, Tesco Hypermarket, eateries, schools and banks. This development will offer 95 units of 2-storey terrace houses. Find out more ... Read More

20,000 first-time house buyers nationwide to benefit from improvement of Credit Guarantee Scheme
A total of 20,000 first-time house buyers will benefit from the government guarantees of up to RM5 billion provided through the Housing Credit Guarantee Scheme under Syarikat Jaminan Kredit Perumahan (SJKP). Local Government Development Minister Nga Kor Ming said through the improvement, which provides financing guarantees of up to 120 ... Read More

Penang on its way to becoming the MedTech Hub of Asia as it continues to draw in investors
Penang is set to become the MedTech Hub of Asia as the state's exports in professional, scientific and controlling instruments and apparatus including medical devices continue to rise. According to InvestPenang, Penang's exports in medical devices make up about 65 per cent on average of Malaysia's total in the MedTech ... Read More

Works on SJKC Kuang Yu in Batu Kawan to start by year-end
The relocation of SJKC Kuang Yu from Kuala Muda, Penaga to Batu Kawan will become a reality soon, caretaker Chief Minister Chow Kon Yeow said. After a series of fundraising events were held to raise funds for the school, Chow said the construction works for the school are set to ... Read More

Ideal Property Group inked MOU with global leader of lithium battery industry
Ideal Property Group, a prominent developer in Penang, is pleased to announce the signing of a Memorandum of Understanding (MOU) with ShenZhen Senior Technology Material Co Ltd , a global leader in the lithium battery separator industry. The MOU solidifies a strategic partnership to develop the Penang Technology Park (PTP)@Bertam, ... Read More

SITE PROGRESS: Vivo Executive Apartment (July 2023)
About Vivo Executive Apartment A serviced apartment within Aspen Vision City township development at Batu Kawan. It is strategically located next to the upcoming Integrated Shopping Mall, walking distance to the Central Island Park. The units will be built complete with communal co-sharing working space and a social kitchen to support ... Read More
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