Economy

Penang factories cut jobs

By DAVID TAN
InvestPenang director Datuk Seri Lee Kah Choon(filepic) said factories in Penang are suspending and downsizing their operations and workforce because of the slower global economic growth and the impact of the US-China trade war

GEORGE TOWN: Some factories in Penang are suspending and downsizing their operations and workforce, says InvestPenang director Datuk Seri Lee Kah Choon.

Lee said this because of the slower global economic growth and the impact of the US-China trade war.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Penang , factories , cut , jobs , economy , slowdown , US , China , trade , war , growth ,

Next In Business News
Golden Destinations debuts on ACE Market, marks Asean first for travel B2B
Malaysia's wealthiest tycoons grew fortunes by 30%
FBM KLCI moves slightly higher as traders practise caution
Ringgit edges up vs greenback on US-Iran talks hope
Asia markets advance on peace deal hopes, corporate earnings
S&P Global downgrades ASX after Australian regulator finds governance, risk failures
Trading ideas: Uzma, Tuju Setia, Dialog, LBS, Tropicana, MGB, Ni Hsin, Sunway, Country Heights, Infomina
SupportLine
Locked-in feed costs an advantage for Teo Seng Capital
Deleum’s RM2.5bil order book to fuel growth

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.