Sign up | Log in



Home  >>   Daily News  >>   Malaysia News  >>Investment  >>Penang among the top investment destinations for foreign investors: Mustapa
NEW UPDATES Asean Affairs  14 October 2014  

Penang among the top investment destinations for foreign investors: Mustapa

Malaysia:Penang remains one of the top investment destinations in the country for foreign investors, especially in the electrical and electronics (E&E) and medical devices industries.
International Trade and Industry Minister Datuk Seri Mustapa Mohamed said this is because of its history, established infrastructure and strong industry ecosystem.
In a statement, he said from 2011-September 2014,the Malaysian Investment Development Authority (Mida) Penang had facilitated more than 200 visits from foreign companies to the state.
"Mida has held numerous workshops and briefings on the Domestic Investment Strategic Fund to industry associations and companies in Penang since it was introduced in July 2012," he added.
Come Oct 17 and Nov 13, Mida, Mustapa said, will be hosting a Services Sector Investment Seminar in Penang and also be participating in an SMEs conference, respectively.
"Mida has invited INVEST Penang to be a speaker at the Services Conference. In addition, we are also planning to host a SEMICON Conference early next year, the first time ever in Malaysia, in Penang," he added.
Mustapa said this in response to remarks by Penang Chief Minister Lim Guan Eng that the Federal government and Mida had stopped introducing investors to the state over the past year.
He also described Lim as being Lim irresponsible in making such a remark.
According to Mustapa, the government and Mida had been promoting Malaysia as an investment destination for the last 47 years and had never discriminated bringing investments or granting any incentives based on state's preference.
The decision to invest, among other factors, he said, is determined by the companies' evaluation of the site location.--(BERNAMA)

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                            October 14, 2014 Subsribe Now !

• Penang among the top investment destinations for foreign investors: Mustapa
Subcribe: Asean Affairs Global Magazine
• Govt to build 165 airports next year
• RNI invests Rp 400b in Cawang budget hotel
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• VN joins European seafood trade web
• Thai rubber farmers seek bailout
Asean Analysis                    October 9, 2014

• Asean Analysis October 9, 2014
Farmers in the 9 biggest provinces of Mekong River Delta Vietnam invested USD 291.5 million on crop protection in first half of 2014: GfK
Advertise Your Brand

Asean Stock Watch    October 13, 2014
• Asean Stock Watch-October 13 , 2014
The Biweekly Update
• The Biweekly Update  October 3, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand