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Sunday, August 04, 2024

Chow leads Penang investment and trade mission to US

 

FMT:


Chow leads Penang

investment and trade

mission to US

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The chief minister’s office says they intend to update American companies on the latest developments and opportunities available in the state.

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Free Malaysia Today
Penang chief minister Chow Kon Yeow and his delegation will take part in a series of meetings and site visits to the corporate headquarters of US investors over the next 10 days. (Bernama pic)

GEORGE TOWN
Chief minister Chow Kon Yeow is leading a state investment and trade mission to the US from today to Aug 14 to renew ties and forge relationships with the corporate headquarters of US investors in Penang.

The chief minister’s office said the mission organised by InvestPenang  is aimed at encouraging the expansion of the investors’ presence in the state and attracting new investments.

Additionally, the mission seeks to update American companies on the latest developments and opportunities available in Penang, including information on recent advancements in infrastructure and policy changes to facilitate investment,
 it said in a statement.

By enhancing visibility and further promoting Penang as a prime location, the mission also targets potential investors in the electrical and electronics, semiconductor, equipment, medical devices, integrated circuit design, digital global business services, and digital economy industries.

Chow and his delegation will take part in a series of meetings and site visits to the corporate headquarters of US investors to showcase the state’s strengths, innovations and commitment to being a resilient and sustainable investment location.

Chow said he looks forward to strengthening relationships with US investors.

We anticipate many positive outcomes from this mission,
 he said.

Penang recorded RM71.9 billion in investment inflows in 2023, the highest in Malaysia, driven by foreign direct investments, which accounted for RM61.7 billion or 85.8% of the state’s manufacturing investment inflow.

5 comments:

  1. Anwar Ibrahim and the Madani Mob has done damage, possibly severe damage to prospects for Manufacturing FDI investments in Malaysia by US corporations.

    I appreciate Chow attempting to mitigate some of this for Penang, promoting the positive environmemt Penang provides.

    ReplyDelete
  2. Circuit breaker tripped in Japan and South Korea. Haven't come across other market ...

    ~~~~~

    https://t.me/GoBPH/3182

    ReplyDelete
  3. ~~~~~

    https://x.com/MarioNawfal/status/1820329230816698548?t=dfu3rvEe0fEH9fcWPW_yCw&s=19

    🚨🇰🇷BREAKING: SOUTH KOREA HALTS TRADING AS KOSPI PLUNGES 8%

    South Korea's KOSPI index plummeted 8%, triggering a trading halt as the market rout intensifies.

    The circuit breaker mechanism was activated to stabilize the market amid the steep selloff.

    This dramatic descent in the benchmark index mirrors the turmoil sweeping global markets as investors flee risk assets.

    Source: Bloomberg

    ReplyDelete
  4. The same time Iran Supreme send message of something going to happen...

    ~~~~~

    https://t.me/WeTheMedia/104948

    What have the Global Markets done since this August 2nd Q Delta?

    "Something BIG is about to drop."

    ReplyDelete
  5. Interesting one-two punch...stock down, trading platform websites outages...

    ~~~~~

    https://x.com/RepMTG/status/1820467646426382576?t=aH44F0zRvFohx-1PbunKqg&s=19

    These brokerage firms are reporting errors for retail investors while institution investors are able to make trades.

    That’s too many platforms to be a coincidence.

    Controlled to stop panic selling in order to prevent a crash.

    Go ahead, call me a conspiracy theorist, I could care less.

    But I’ll challenge you back.

    Prove me wrong.

    https://x.com/TheQNewsPatriot/status/1820465500956082436?t=Azxteh90yy3pj5Zfhzqajw&s=19

    https://x.com/TheQNewsPatriot/status/1820465500956082436?t=Azxteh90yy3pj5Zfhzqajw&s=19

    https://x.com/rawsalerts/status/1820461876620280103?t=VVvQhJ9dn_bL9CGj5tc9Wg&s=19

    🚨#BREAKING: Multiple brokerages, including Charles Schwab, Fidelity, Vanguard, TD Ameritrade, E-Trade, UPS, CenturyLink, and Interactive Brokers, are currently down and reporting errors amid market crashes.

    ReplyDelete