SIX companies will inject a total of RM525.3mil into Penang’s economy through the Northern Corridor Implementation Authority (NCIA), said Chief Minister Chow Kon Yeow.
The investment, under the second phase of the EmpowerNCER human capital development programme, would create 1,600 jobs, especially for those affected by Covid-19 pandemic.
“The investment will help cushion the effect of the pandemic and also complement the state’s efforts in creating new jobs,” Chow said after meeting the investors in Komtar on Thursday.
The six companies are PTS Industries Sdn Bhd (RM2mil), Clarive Analytics Malaysia Sdn Bhd (RM159mil), Iconic Penang Sdn Bhd (RM150mil), Osram Opto Semiconductors Sdn Bhd (RM110.07mil), UWHM Sdn Bhd (RM65.5mil) and Coraza Systems Malaysia Sdn Bhd (RM38.73mil).
At the event, Chow also gave appointment letters to four district officers to implement the Empower-NCER programme in their districts.
Asked if the state had taken into account all the factors which could affect the investment climate during the pandemic, Chow said the investments by the six companies were testimony that new investments were still flowing into the state.
“Even in the state Task Force Committee today, NCIA’S figures show a lower investment figure since the outbreak of the pandemic, but we expect a gradual increase in investments over a period of time,” he said.
NCIA chief executive officer Datuk Seri Jebasingam Issace John said besides fulfilling the needs of the industrial sector, the manpower in Penang must be equipped with the skills and know-how under the new economic norm post-Covid 19.
“The human capital programmes are to ensure that the manpower has the resilience to compete and make themselves relevant in the various business environments which have become more challenging at present times.
“The expected improvement could be seen between 18 and 24 months from now and we expect all to return to normal by 2025,” he said.
The investment, under the second phase of the EmpowerNCER human capital development programme, would create 1,600 jobs, especially for those affected by Covid-19 pandemic.
“The investment will help cushion the effect of the pandemic and also complement the state’s efforts in creating new jobs,” Chow said after meeting the investors in Komtar on Thursday.
The six companies are PTS Industries Sdn Bhd (RM2mil), Clarive Analytics Malaysia Sdn Bhd (RM159mil), Iconic Penang Sdn Bhd (RM150mil), Osram Opto Semiconductors Sdn Bhd (RM110.07mil), UWHM Sdn Bhd (RM65.5mil) and Coraza Systems Malaysia Sdn Bhd (RM38.73mil).
At the event, Chow also gave appointment letters to four district officers to implement the Empower-NCER programme in their districts.
Asked if the state had taken into account all the factors which could affect the investment climate during the pandemic, Chow said the investments by the six companies were testimony that new investments were still flowing into the state.
“Even in the state Task Force Committee today, NCIA’S figures show a lower investment figure since the outbreak of the pandemic, but we expect a gradual increase in investments over a period of time,” he said.
NCIA chief executive officer Datuk Seri Jebasingam Issace John said besides fulfilling the needs of the industrial sector, the manpower in Penang must be equipped with the skills and know-how under the new economic norm post-Covid 19.
“The human capital programmes are to ensure that the manpower has the resilience to compete and make themselves relevant in the various business environments which have become more challenging at present times.
“The expected improvement could be seen between 18 and 24 months from now and we expect all to return to normal by 2025,” he said.
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