Misconceptions about Penang

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LETTER | We must not be complacent and we need to continuously upskill our labour force.

| Over the weekend, I had active discussions with my Penang friends who had migrated outstation and overseas over the state affairs in Penang within the context of the Federation of Malaysia. The issues are important for Penang specifically and Malaysia generally.

Without it, Malaysia will be in deep financial trouble. While there could be a slowdown in the first half of 2019 due to uncertainties arising from a trade war among others, industry research expects a recovery in 2020 as the world moves into the 5G stage and the proliferation of many new technologies such as autonomous driving, IoT, Industry 4.0, augmented/virtual reality etc.

In recent years, the state also diversified into new segments of the economy, attracting investments for medical devices, aerospace, automation and equipment manufacturing. Other home-grown Penang-based international E&E players are Globetronics, Pentamaster Corporation, SRM Integration to name but a few.

Misconception 2: For decades, skills migration, brain drain and the lack of high-quality job opportunities has been Penang’s Achilles heel.

 

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