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3,000 jobs at RM200 million Penang tech business hub
Predeep Nambiar
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GEORGE TOWN: About 3,000 jobs will be created for locals with the opening of a RM200 million high-end Global Business Services (GBS) complex near the second bridge by 2020, Chief Minister Lim Guan Eng announced today.

He said the complex, called “GBS by the Sea”, would be housed in two buildings, one eight storeys and the other nine storeys, with a total floor space of 411,000 sq ft and 2,500 parking lots.

Lim said the Penang Development Corporation (PDC) would build the project next to the current Motorola Solutions building at the Free Industrial Zone in Bayan Lepas.

GBS is a term referring to businesses housed under one roof that offer shared services and outsourcing to improve service delivery and reduce costs.

Last month, Lim launched [email protected], a similar set-up which involved the refurbishment of a mall in Bayan Baru.


The Mayang initiative is part of the Bayan Baru Improvement District under the Penang Cyber City plan.

“Penang’s concerted efforts to enhance GBS infrastructure will provide higher value jobs in the manufacturing industry through expansion and diversification of the GBS business,” Lim said in a press conference at Komtar.

“We aim to be part of the Industry 4.0 Transformation, which revolves around big data analytics, e-commerce, crowdsourcing, cloud computing and the Internet of Things.

“GBS by the Sea is expected to attract many key international players.”

According to PDC general manager Rosli Jaafar, GBS by the Sea is envisioned as a centre for tech and R&D companies.

It will be an MSC Malaysia cybercentre-standard building incorporating retail and food outlets, he added.

Outsourcing Malaysia, the industry association, projected that Malaysia’s GBS sector would see a compounded annual growth rate of 10%-15% in the next three years.

According to Malaysia Digital Economy Corporation, GBS companies with MSC Malaysia status recorded a total revenue of RM18.4 billion in 2016.

The Malaysian Investment Development Authority, in its 2016 report on investment performance, listed Penang in second place after Kuala Lumpur in investments for Global Establishments for Services or “Principal Hub”, with an investment value of RM4.1 billion.
 

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Just curious, is it George Town of Penang... LOL
If yes, why nobody mentioned about it...
(Bangkok & Chiang Mai are better than Malaysia!)

http://www1.theedgeproperty.com.my/content/1117046/kl-and-jb-still-don’t-cut-it-asian-expats

KL and JB still don’t cut it for Asian expats
By Rachel Chew / TheEdgeProperty.com | April 13, 2017 2:55 PM MYT

KUALA LUMPUR (April 13): Kuala Lumpur and Johor Bahru both remained outside the global top 100 list of most liveable locations for Asian expats in the 2017 Location Ratings Survey conducted by international knowledge, information and software provider ECA International.

Updated annually, the survey measures the quality living conditions for Asian expats in over 470 locations around the world based on the level of difficulty the expatriate will experience in adapting to a new location.

Factors evaluated include climate; availability of health services; housing and utilities; isolation; access to a social network and leisure facilities; infrastructure; personal safety; political tensions and air quality.

In the latest survey, Kuala Lumpur and Johor Bahru both continue to sit outside the global top 100 and regional top 25.

Kuala Lumpur and Johor Bahru ranked 118th and 128th in the global list, and 27th and 31st in the regional list, respectively.

“In recent years, we have seen an increased threat from terrorism in Malaysia. While the Sabah region of the country is considered particularly dangerous for foreigners, risks have also increased in Kuala Lumpur in recent years. The impact of the seasonal forest fires in neighbouring Indonesia has also increased in recent years,” said ECA International’s Asia regional director Lee Quane.

Meanwhile, the survey also showed Singapore remaining the world’s most liveable location for Asian expats.

“Singapore continues to sit above its regional rivals in our global liveability rankings. With low crime rates, decent medical facilities and excellent infrastructure, it comes as no surprise why Singapore tops our rankings time and time again,” said Quane.

However, the gap has closed between the remaining global top 10 and Singapore over a five-year period, with cities in Australia and Japan improving in terms of their overall liveability for Asian expatriates.

“We have witnessed a gradual decline in Singapore’s overall quality of living in the past five years due to the deteriorating air pollution situation here, while cities such as Brisbane, Sydney and Osaka have all improved in terms of their overall liveability,” said Quane.

The survey showed Australian locations dominating the regional and global top 10 rankings.

“Adelaide, Brisbane and Sydney occupy joint second place in both sets. Perth 7th, and Canberra 9th join them at the top of the global rankings. In the Asia-Pacific region, the most notable climb in the rankings was Australia’s Darwin. The city rose from 24th place to 15th place in the global rankings as its housing situation has improved. Over the past five years, Darwin has climbed 39 places in our global rankings,” the survey reads.

Osaka has the best living conditions out of all locations researched in Japan, and is ranked 5th globally. All Japanese cities included in the rankings are positioned inside the global top 15 with Nagoya in at 9th; Tokyo and Yokohama sit in joint 11th position.

Top 35 most liveable locations in Asia Pacific for Asian expatriates


Because its ranking is even higher than KL, and also JB :lol:
 

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Because its ranking is even higher than KL, and also JB :lol:
of course it is George Town of Penang! arguably it is the most famous of all Georgetowns in the Asia Pacific region, of which there are only less than 10, I think. look here:

http://asia.nikkei.com/var/site_cache/storage/images/node_43/node_51/2017/201704/20170413t/table/6511343-5-eng-GB/table_article_main_image.png

based on previous years rankings, George Town was indeed ranked 117 in 2016 and 118 in 2015, either above or similar to KL.

once again, Penang leads the way! :pepper::cheers: bad news for some though, especially that city far south by the name of new Jubo :lol:
 

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3,000 jobs at RM200 million Penang tech business hub
Predeep Nambiar
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lim-Global-Business-Services-1

GEORGE TOWN: About 3,000 jobs will be created for locals with the opening of a RM200 million high-end Global Business Services (GBS) complex near the second bridge by 2020, Chief Minister Lim Guan Eng announced today.

He said the complex, called “GBS by the Sea”, would be housed in two buildings, one eight storeys and the other nine storeys, with a total floor space of 411,000 sq ft and 2,500 parking lots.

Lim said the Penang Development Corporation (PDC) would build the project next to the current Motorola Solutions building at the Free Industrial Zone in Bayan Lepas.

GBS is a term referring to businesses housed under one roof that offer shared services and outsourcing to improve service delivery and reduce costs.

Last month, Lim launched [email protected], a similar set-up which involved the refurbishment of a mall in Bayan Baru.


The Mayang initiative is part of the Bayan Baru Improvement District under the Penang Cyber City plan.

“Penang’s concerted efforts to enhance GBS infrastructure will provide higher value jobs in the manufacturing industry through expansion and diversification of the GBS business,” Lim said in a press conference at Komtar.

“We aim to be part of the Industry 4.0 Transformation, which revolves around big data analytics, e-commerce, crowdsourcing, cloud computing and the Internet of Things.

“GBS by the Sea is expected to attract many key international players.”

According to PDC general manager Rosli Jaafar, GBS by the Sea is envisioned as a centre for tech and R&D companies.

It will be an MSC Malaysia cybercentre-standard building incorporating retail and food outlets, he added.

Outsourcing Malaysia, the industry association, projected that Malaysia’s GBS sector would see a compounded annual growth rate of 10%-15% in the next three years.

According to Malaysia Digital Economy Corporation, GBS companies with MSC Malaysia status recorded a total revenue of RM18.4 billion in 2016.

The Malaysian Investment Development Authority, in its 2016 report on investment performance, listed Penang in second place after Kuala Lumpur in investments for Global Establishments for Services or “Principal Hub”, with an investment value of RM4.1 billion.
again, good to see Penang making efforts to move up the industrial value-chain. there is not only GBS, creative start-ups too could benefit.

http://www.channelnewsasia.com/news/asiapacific/a-silicon-valley-of-the-east-penang-s-thriving-start-up-communit-7576346

A Silicon Valley of the East: Penang’s thriving start-up community
By Lianne Chia|Channel News Asia
26 Jan 2017 09:03AM

Drawn by a slower pace of life, family-friendly environment and lower cost of living, a growing number of start-ups are choosing to set up shop in Penang. Lianne Chia finds out what the place has to offer.

PENANG, Malaysia: It is barely 10am but the Piktochart office in Bayan Lepas, southern Penang, is already buzzing. A yoga class has just ended and staff are getting to work in the large, open-plan office painted a cheery shade of yellow. But if a break is needed, a massage chair, foosball table and lots of board games are kept in an adjacent space.

For co-founder Goh Ai Ching, creating a great company culture and a healthy work-life balance is key. “I came from a corporate background and I really didn’t feel very good about having to deal with one-and-a-half-hour-long PowerPoint presentations,” she said. “Six years ago when I quit my corporate job in Kuala Lumpur, I wasn’t quite sure what start-up I wanted to do. But the number one thing I was sure about was that I didn’t want to drag my feet to work every day.”

The slower pace of life and more family-friendly environment that Penang offers are among the reasons why Goh chose to return to her hometown to set up Piktochart, an infographic design platform for non-designers.

And despite being based in what some may call a “second city” in comparison to places like Kuala Lumpur or Singapore, Piktochart has grown from strength to strength - in just four years, the platform boasts more than five million users from 184 countries.

Piktochart is not alone; a growing number of successful start-ups appear to be making Penang their home base.

Being away from the hustle and bustle of the capital city has helped Goh stay focused. “When I lived in Kuala Lumpur, commuting from place to place for meetings could take up my whole day, and being away from all that helps distract us less, which is really important when building a business,” she said.

She added that being in Penang also helps stretch her dollar further. “In Kuala Lumpur, I spent all my money on food, drinks, cafes and going out … it was really expensive to live there.

“Rent here is also much less than in Kuala Lumpur ... my friends tell me that in Kuala Lumpur, I can expect to pay, on average, five times more per square foot.”

And while being away from the buzz of larger cities may not be everyone’s cup of tea, Goh said this has worked in her favour when it comes to manpower.

“I found that in Kuala Lumpur, poaching and job-hopping is so common,” she said. “But if somebody has made the choice to relocate to Penang, they’re likely very serious about Piktochart, and our retention figures are good and healthy.”

Penang can also be a “safer” place for start-ups to test their ideas before moving on to larger, more competitive markets, according to Leong Shir Mein of online food delivery portal DeliverEat. “It’s not easy to convince people to part with their money in Penang,” explained Leong. “This is a good learning platform to leverage before being eaten alive in places like Kuala Lumpur.”

Leong and her husband, Tan Suan Sear, developed an automated food delivery system with three apps, for customers to place their orders with various restaurants, for restaurants to know what to prepare, and for delivery riders to let them know where to pick up and drop off the food orders. Today, DeliverEat is Penang’s market leader in food delivery.

But far from playing second fiddle to larger cities like Kuala Lumpur, Penang has its own unique selling point - a strong base in manufacturing and hardware.

SILICON VALLEY OF THE EAST

The establishment of a free trade zone - now called the Free Industrial Zone - in Bayan Lepas more than 40 years ago drew many big-name multinationals like Intel, AMD and Hewlett Packard to set up shop in Penang.

This strong base in manufacturing has, according to state investment promotion agency InvestPenang, led to Penang becoming known as the “Silicon Valley of the East” - and also stood the city’s thriving start-up community in good stead.

“In the past, a lot of our focus was on manufacturing and a lot of our start-ups were in manufacturing,” explained InvestPenang’s general manager, Loo Lee Lian. “The engineers who were working in the MNCs felt that they could do things on their own better than being employed by the MNCs, so they came out and started their own manufacturing companies.”

Its background in technology has, according to local start-up community builder Curry Khoo, made Penang one of the “best places to run start-ups in hardware and the Internet of Things”.
 

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Upcoming 2 Billion Island Medical City







RM2 billion Island Medical City Project - a boost for Penang medical tourism

Chief Minister Lim Guan Eng said the Island Medical City Project Development is a significant investment to help Penang in its effort to establish itself as a medical tourism city.
The project is a world class medical facility with a focus on medical tourism and when completed will be the state's first 600-bed private hospital.
In its first stage of development, 300 more hospital beds will be provided to add to its current capacity of 300 beds.
“To complement its functions, medical suites, other ancillary facilities and a hotel meeting healthcare travellers' demands, will be built in later stages to reach a capacity of 1,000 beds for its long-term plan,” the chief minister said during a press conference to announce the project at Komtar this morning.
“The project, with a gross development value exceeding RM2 billion, is expected to take 5 years to complete.
“This hospital project at Peel Avenue and Pierce Road on a piece of government land is alienated from the state government for a long-term lease of RM156 million, and adjacent to this land is also a medical tourist hotel to be built on Island Hospital's private land,” he added.
“The revenue generated will lead to significant additional tax income and significantly boost medical tourism in the state, with benefits spilled over to complementing industries.
“The economic value of this RM2 billion project is expected to exceed RM7 billion, with benefits spilled over to other industries.”
“With this, Penang is going to further fortify its position as the medical tourism city of choice globally, with a year-on-year revenue growth of 30% as projected by Malaysia Healthcare Travel Council (MHTC).
Also present were Island Hospital director Benny Lim, its chief operating officer Dr Goh Kok Yeong, director of marketing and patient services Dennicce Chia and chief financial officer Stephanie Lee.
Meanwhile, being one of the largest medical tourist hubs in South East Asia, this project will provide Penang with over 2,000 job opportunities, which covers a broad skill spectrum from basic labour to medical specialists.
“It will attract top Malaysian medical specialists currently practising overseas to set up their long-term practice in Penang.
“Upon completion, Island Medical City will be the first-of-its-kind medical hub in Malaysia, complete with state-of-the art medical equipment and the largest and most advanced tertiary care facility.”
Benny Lim added the project will support Island Hospital's double-digit growth of foreign patients.
“Currently serving more than 100,000 foreign patients yearly, Island Hospital has been awarded the top medical tourism hospital by MHTC locally and Medical Tourism Hospital of the Year 2017 by Frost and Sullivan, under the Best Practices Award.”
By Danny Ooi
Pix by Darwina Mohd Daud
 

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I recall an instance when those so-called 'NGO' even asked to include Komtar as a Unesco site! :lol: are they confused what counts as 'heritage' and what is not?
so greedy... why not turn the whole island into a gigantic Unesco site? solves their distaste against 'oh-so-evil development' by pushing the island backwards! :nuts:
lol, i remember that, the stupid NGO (Penang Heritage Trust) even organized a talk about Komtar and invited its architect Lim Chong Keat to share his opinion about Komtar as "heritage"^^
 

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Gold and jewellery cluster to be set up in Penang



Sangeetha Amarthalingam
/
theedgemarkets.com

May 18, 2017 14:44 pm MYT
-A+A
KUALA LUMPUR (May 18): A gold and jewellery cluster to serve as a major finishing hub, a first in Malaysia, will be set up in 2019 in the Batu Kawan Industrial Park on mainland Penang with a combined investment of RM49.6 million by five private entities.

In a statement today, Penang Chief Minister Lim Guan Eng said the state plays a major role as a producer of gold jewellery for export markets, contributing RM6.1 billion or 85% of Malaysia's total exports of RM7.2 billion in 2016.

Penang companies have been exporting precious metal jewellery to more than 20 countries such as Japan, US, Germany, United Arab Emirates, Canada, Hong Kong, Thailand, Philippines and Singapore.

"The Penang Goldsmith Association is one of the oldest trade/industry association in Penang, having been established in 1832. It has the strength of more than 400 companies, mostly local companies, in the gold and jewellery industry.

"We hope the entry of these five companies into Batu Kawan would strengthen Penang's position as a major gold finishing hub, create higher value jobs and income opportunities for the craftsmen and downstream stakeholders in this industry," he said.

The cluster would create about 730 jobs including high-value goldsmith and jeweller jobs, in addition to the 8,000 skilled talents in the industry.

Construction for the cluster on a 1.7ha land is expected to commence by the second half of this year or the first half of 2018 and to be completed in a year, he added.

"Gold which is considered safe haven and an instrument of value hedging will continue to provide the competitive edge for these companies which have had long experience and established reputation in this industry.

"This industry is also moving from mainly traditional craftmanship to modern hi-tech design and manufacturing facilities. This would be synergised with the automation and software technology in Penang," Lim said.
 

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https://www.penang.gov.my/images/pdf/Vol1_Executive%20Summary.pdf

Finally the DEIA of Penang South Reclamation Plan Project is open to public~

However, they didn't reserve any reclamation space for Penang Airport Expansion.
Maybe, we reclaim another island for a new PIA and auction the whole piece of current PIA land is much more profitable LOL...
(I know some people are ready to shout for KULIM International Airport again haha)

Further, the current masterplan of PSR seems good, TOD with LRT stations and lots of green space, and of course PSR features with SMART CITY concept.

HOWEVER, we need a strong branding and bring up some new ideas to sell PSR~
Just don't like Forest City or Country Garden way~

Perhaps... Duty Free like Malacca Getway, or Free Trade Zone like Iskandar(kind of) or even declare one island as Offshore Financial Centre~ Muahahah.

I think lots of people are going to object PSR, and even Federal themselves.
Get Ready Your Popcorn!


 
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