Penang tech players continue to benefit from trade war


Vitrox Corp Bhd chairman Datuk Seri Kelvin Kiew (pic) explains: “Customers are stocking up raw materials and semi-finished components used in the manufacturing of IT, telecommunications and automation products because of the fear that the trade war would worsen by the end of the year."

THE electronics manufacturing companies in Penang expect good prospects for the next six to nine months, due to the impact of the worsening US-China trade war.

Vitrox Corp Bhd chairman Datuk Seri Kelvin Kiew explains: “Customers are stocking up raw materials and semi-finished components used in the manufacturing of IT, telecommunications and automation products because of the fear that the trade war would worsen by the end of the year.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Penang , tech players , Pentamaster , Globetronics , Vitrox ,

   

Next In Business News

Singapore DBS’s digital services hit days after MAS ban ends
US weekly jobless claims unchanged; layoffs decline in April
Gold falls as investors evaluate US rate cut prospects
UOA REIT expects office rental market to remain challenging
Ringgit rebounds to end higher vs US dollar
BHIC unit bags RMN submarine contract from Mindef worth RM43.6mil
Sapura Energy appoints Ganesh Gunaratnam as new CFO effective June 1
Capital A formulating regularisation plan to address PN17 status
Ajinomoto declares special dividend of RM2.12 from land sale
Epicon uplifted from PN17 status

Others Also Read