Penang News
In November, ASEAN will unveil its inaugural Geoeconomics Report, a development with significant resonance for Penang's business and economic landscape. Championed by Malaysia’s Deputy Minister of Investment, Trade and Industry, this report marks a pivotal analytical tool designed to map the complex interplay between geopolitical shifts and
Penang News
After four decades of operation, the Jelutong Landfill Site (TPSJ), located near Penang, is set to close on November 30. This marks a significant milestone not just for waste management but also for Penang’s broader environmental policy and economic sustainability framework. The landfill has long been the designated disposal
Penang News
The recent announcement by Malaysia’s Transport Minister Anthony Loke regarding plans to upgrade existing rail infrastructure, including targeted improvements at the North Butterworth Container Terminal (NBCT), signals a critical development for Penang’s logistics and transport sectors. This initiative aligns with Malaysia’s broader vision to modernize multimodal transport
Penang News
The recent headway in US–Malaysia relations focusing on the expansive US$5 trillion halal market marks an important development for Malaysian businesses, with pronounced implications for Penang’s manufacturing and export-oriented industries. While the source news references past controversies in halal product verification, the current resurgence in robust trade
Penang News
Malaysia’s Push for Trade Rule Overhaul: Context and Significance Malaysia’s recent appeal at the Asia-Pacific Economic Cooperation (APEC) and World Trade Organization (WTO) platforms to modernize global trade rules with an emphasis on supporting artificial intelligence (AI) and digital transformation represents a forward-looking strategic agenda. This move acknowledges
Penang News
The recent tabling of the Employees’ Social Security Amendment Bill 2025, introducing an off-duty injury scheme, marks a significant development in Malaysia’s labor policy landscape. As the bill undergoes its first reading in the Dewan Rakyat, its potential ramifications on workforce welfare, employer obligations, and the broader economic environment
Penang News
The Ministry of Housing and Local Government (KPKT) is set to unveil five significant reforms targeting the housing industry on November 20. The initiative primarily aims to tackle the perennial issue of abandoned housing projects, a challenge with far-reaching implications for Malaysia's property market — and Penang, as one
Penang News
The ongoing corruption trial related to the proposed undersea tunnel project, involving high-profile figures such as Lim Guan Eng, reverberates beyond courtroom drama to touch critical sectors in Penang's economic landscape. Infrastructure development, particularly ambitious projects like undersea tunnels, forms the backbone of regional growth strategies. Any legal
Penang News
The recent tabling of the Lindung 24/7 Bill by Malaysia’s Human Resources Ministry proposes to extend Social Security Organisation (Socso) protection to approximately 10 million formal sector workers nationwide. This legislative initiative represents a significant policy development with far-reaching implications for Malaysia's labor market, particularly in
Penang News
Malaysia’s low social pension coverage, highlighted in recent World Bank assessments, casts a spotlight on a growing policy and economic challenge with direct relevance to Penang’s business landscape. With an aging population forecast to expand significantly, the country faces a looming elderly care crisis unless reforms substantially increase
Penang News
Recent record turnouts at the Malaysia International Automotive, Aerospace and Manufacturing Exhibition (MIAPEX) and the ASEAN Industrial and Commercial Vehicle Exhibition (AICOVE) underscore Malaysia’s rising prominence within the global and ASEAN automotive supply chains. These events are not just a showcase of industrial capabilities but also a reflection of
Penang News
His Majesty Sultan Ibrahim’s recent audience with Prime Minister Anwar Ibrahim, featuring detailed briefings on the 47th ASEAN Summit and the Kuala Lumpur Peace Accord, underscores Malaysia’s commitment to regional diplomacy and economic cooperation. For Penang’s business landscape, these developments carry profound policy and economic implications amid