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Wednesday, October 28, 2015

Penang | Silicon Valley of East losing position?

No massive layoffs | State semiconductor and E&E sectors ‘invariably impacted’ by MNC mergers

InvestPenang%20director%20Datuk%20Lee%20Kah%20Choon

GEORGE TOWN: InvestPenang director Datuk Lee Kah Choon expressed confidence that factories in Penang will not see massive retrenchments taking place arising from the mergers of five multinational companies producing semiconductors and electronics components.  

Lee, who estimates some 150 jobs to be affected out of the thousands, said the companies involved were AMD, which had joint venture with Nantong Fujitsu Microelectronic Co, and Motorola Solutions’ manufacturing facility in Bayan Lepas, which had been taken over by Sanmina Corp.  

He said Western Digital and Dell had also acquired SanDisk and EMC respectively while Amphenol would close one part of its business here.  

“Mergers and acquisitions are commonly carried out nowadays not only to consolidate operations but to increase market share and technology synergies. This is happening globally in the semicon and E&E (electrical and electronics) technology companies.  

“Penang, as an electronic hub with its many international companies, is invariably impacted,” he said at a press conference here yesterday.  

Lee was responding to recent news reports that Penang might lose its position as the Silicon Valley of the East following news of relocations, mergers, retrenchment and even plant closures involving several major foreign electronic players in the state.  

According to a report in a local daily, the series of moves, despite earlier reports of injections of tens of millions of ringgit in investment by two Chinese entities (namely JA Solar, JinkoSolar) in six months, will affect more than 1,000 employees.  

Lee said the acquisition of business did not equate to sacking of employees. “Restructuring exercises will be carried out but it is more to making the business profitable and the expansion of technological manufacturing processes. “Even if there is massive unemployment, these workers can be easily absorbed by other companies here. We are in a better position now to weather any possible unemployment scenario,” he said.  

On German stereo system maker Blaupunkt and HGST, a subsidiary  of Western Digital, Lee denied these companies would either close down, relocate or retrench their workers. “I have been in close contact with Blaupunkt and they do not have any intention to do any retrenchment," he said.  He described Penang’s investment as “healthy”, adding that the state had been ranked in the top five bracket for the past seven years.  

“It is very important for us to bring in the technology to support the supply chain that Penang has already developed.  “We also want investments to create high-income jobs for Malaysians in order for us achieve the national objective of becoming high-income nation in 2020,” he said.

Source | StarBiz

Related articles:

Cause for concern: Is Penang on the cusp of losing its position as the Silicon Valley of the East following news of relocations, mergers, retrenchment and even plant closures involving several major foreign electronic players in the state? What's your opinion? (Before you form your opinion do read through the related articles above)

Boldly go. LLAP

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Saturday, October 10, 2015

Penang Property Talk | Sell Buy Rent And Lease Property In 5 Easy Steps

Penang Properties | Factory | Warehouse | Land | Commercial Building | Bungalow | Condominium | Apartment | House | Storage Space | Cold Storage Room | For Sale, Lease And Joint Venture In Penang Malaysia. 

Penang%20Properties%20%7C%20Factory%20%7C%20Warehouse%20%7C%20Land%20%7C%20Commercial%20Building%20%7C%20Bungalow%20%7C%20Condominium%20%7C%20Apartment%20%7C%20House%20%7C%20Storage%20Space%20%7C%20Cold%20Storage%20Room%20%7C%20For%20Sale%2C%20Lease%20And%20Join%20Venture%20In%20Penang%20Malaysia.

Step 1: Industrial Property location in Bayan Lepas, Butterworth, Seberang Perai, Juru, Bukit Mertajam, Bukit Minyak, Bukit Tengah, Simpang Ampat, Batu Kawan, Penang Science Park, Nibong Tebal, Jawi, Sungai Bakap, Kepala Batas, Kilang Perindustrian, Industri Kecil dan Sederhana (IKS) Pulau Pinang, Malaysia.

Step 2: Type of Penang Small Medium Enterprises (SMEs) factories for sale and to let: Secure storage space, warehouses, light industry, medium industry and heavy industry.

Step 3: Type of industry: Renewal Energy (RE), electrical, electronics industries, printing, plastic injection moulding, automobile service, engineering, warehousing, showroom gallery, storage and locker space, cold storage room. 

Step 4: Type of storage: Secure storage space and cold storage warehouse Penang cover northern region of Malaysia.

Step 5: Type of transaction: Selling, buying, renting, leasing and joint venture (JV).

Enquire about a property? Please quote the property and location. 

Note 1: For renting, the calculation is based on Build Up Area or Nett Lettable Area(NLA) in sq ft unless specify.

If you can't find the property that you want, talk to us. You can also call us if you've property in Penang to sell or to let. "You Call, We Match." Please contact Mr Vulcan Lau, mobile no.: +6 016 451 1321

This list is last updated on 5 Jan 2016.

Note 2: Persons responding to this listing are not required to pay any estate agency fee whatsoever for properties referred to in this listing.

 Property LocationPrice For Sale (RM)Price For Rent (RM)Land Area
(sq ft)
Build Up Area(sq ft)  Remark
Batu MaungRM12 milRM2.00 psf19,86516,167 
2. Semi-detach factoryBatu MaungRM12 mil RM2.00 psf 20,078 16,167  
3. WarehouseMak Mandin  - RM1.10 psf 2,500 2,500 Height:19 ft 
4. Warehouse Mak Mandin  - RM1.10 psf6,400 6,400 Height:15 ft 
5. Warehouse Mak Mandin  - RM1.10 psf3,930 3,930 Height:16 ft 
6. Factory with warehouse Bukit Minyak RM20 mil RM0.90 psf 3 acres 93,535  
7. 3-storey villaBukit Jambul RM3.8 mil  - 9,500 9,000  
8. LandBalik Pulau RM6 mil RM80 psf 1.73 acres - Joint venture
9. 2-storey bungalowScotland Rd RM7.3 mil  - 10,800 4,700 Bed:5,Bath:5
10. 3-storey terrace house Sungai AraRM990,000 -1,8403,000Bed:4,Bath:3
11. 2-storey bungalowJln Sultan Ahmad Shah -RM21,000/mth13,2504,000Commercial
12. LandBatu Maung -RM0.60 psf1.49 acres -Parking lorry, tractor
13. 3-storey terrace house Minden HeightRM1.68 mil -2,1072,065Bed:4,Bath:4
[White Lily]
14. BayStar CondoBayan BayRM1.25 mil  - -1,560Bed:3,Bath:3
Full reno 
15. Scott Residences Macalister RdRM2.25 mil - -2,750Bed:3,Bath:3
16. 4-storey villa [Moonlight Bay]Batu FerringhiRM2.5 mil  -2,500 4,500 Bed:4,Bath:4 
17. 2-storey semi-detach houseTaman Jesselton -RM4,000/mth4,7252,699 Bed:4,Bath:4 
18. 2-storey semi-detach houseJalan Gajah  -RM3,800/mth4,300 2,035 Bed:4,Bath:4 
19. 2-storey semi-detach house[Leasehold] Gelugor RM400,000  - 1,845 1,200 Bed:3,Bath:2 
20. Flamingo CondoGreenlane RM640,000 RM1,400/mth  - 1,100 Bed:3,Bath:2
21. Cold storage room Mak Mandin  -RM2,109/mth  -3,013
cu ft 
RM0.70/cu ft 
22. Duplex Condo (New)Gurney DriveRM6 mil - -5,737Bed:5,Bath:5 
Full reno
23. LandWestern Rd RM46.3 mil  -1.33 acres -Residential 
24. Bkt Dumbar Permai Apt Bkt Dumbar RM580,000  - -990Bed:3,Bath:2 
25. Sierra Residences (New)Relau RM530,000  - -1,000Bed:3,Bath:2 
26. Single storey bungalowPulau Tikus RM9 mil  -13,5006,000 Bed:6,Bath:3 
27. Factory / WarehouseSungai Lokan -RM1.10 psf -19,000Height:35 ft
28. 3-storey bungalow [Brook Residences]Brook Road RM6.93 mil  -6,024 5,423 Bed:4,Bath:5
Private Swimming Pool 
29. Commercial shop @ Burmah Rd Burmah Road  -RM5.00 psf 12,000 10,000 Commercial
Car park:10 
30. Warehouse Mak Mandin  -RM1.10 psf 5,7455,745 Height:16 ft 
31. Cold storage roomMak Mandin  -RM4,846/mth - 6,923 cu ft RM0.70/cu ft 
32. Cold storage room Mak Mandin  -RM4,567/mth  - 6,525 cu ft RM0.70/cu ft
(2 units) 
33. Arena Corner
[3-storey commercial shoplot]  
Bayan Baru  -RM8,000/mth  -1,100/floor Commercial shoplot for Arena Residences 

Boldly go. LLAP

Interested please contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational http://VulcanInternational.blogspot.com

Note: If you've factory / warehouse / land / commercial building / condominium / apartment / house for sale / to let or intent to buy / rental, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer / tenant or seller / owner for you from our MLS.

You're welcome to write your constructive comment below.

Wednesday, September 30, 2015

Adios Fairchild Semiconductor (Malaysia) Sdn Bhd

Most baby boomers will know Fairchild Semiconductor International Inc. It started up in Penang as National Semiconductor (commonly known as NS by local) in 1972. The company has been in Penang since 1972 with other reputable multinational corporations. The company headquartered in San Jose, California, previous announced that it would cease its operations in West Jordan, Utah, Penang and Bucheon (South Korea) by end of this year 2015. About 1,000 workers will lose their jobs in Penang accordingly to a source. Some of them been offered to relocate to Fairchild Singapore (FSSG).

Fairchild Semiconductor was one of the eight companies that set up operations in Penang in 1970s, together with Advanced Micro Devices (AMD), Hewlett Packard (now called Agilent Technologies), Clarion, Intel, Hitachi (now called Renesas), Litronix (now called Osram Opto Semiconductor) and Robert Bosch. These multinational companies have been strategically position themselves in Phase One, Phase Two and Phase Three of Free Trade Zone (FTZ). Then naming of FTZ has since been renamed as Free Industrial Zone (FIZ), Bayan Lepas. Bayan Lepas Free Industrial Zone consists of four phases and technoplexes.

Fairchild%20Semiconductor%20%28Malaysia%29%20Sdn%20Bhd%2C%20Penang
Fairchild Semiconductor (Malaysia) Sdn Bhd, Penang

Fairchild Semiconductor International Inc is selling its manufacturing facility in the Phase 2, Free Industrial Zone, Bayan Lepas as part of its world wide realignment exercise. The closure is said to affect around 15% of Fairchild's global workforce of 9000 employees. It is reported that the valuation for 20 acres of land where current Fairchild resides is going for RM200 per square foot (psf) to RM300 psf in valuation. There're two multinational corporations: one from Germany which involve manufacturing of medical devices, for the company's operations expansion and another from United States which interested to acquire the property located on over 20 acres. On the Fairchild's land sales in Bayan Lepas, the interested companies will have to approach Fairchild first for the sale and state government body consent: Penang Development Corporation (PDC) will be followed. Consent will be in favour of hi-tech industry with capital intensive and knowledge based.

Source | The Star

Boldly go. LLAP

This report has been researched and compiled by VULCAN INTERNATIONAL Real Estate Research Institute http://VulcanResearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://VulcanInternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Friday, August 14, 2015

Penang Property News And Talk | Maspex 2015 | Queensbay Mall | List Of Speakers Time Table And Agenda With Pictography

Malaysia%20%7C%20Penang%20Maspex%202015%20%7C%20List%20Of%20Speakers%20Time%20Table%20And%20Agenda
Source MIEA | List Of Speakers Time Table And Agenda

Malaysia | Penang Property News And Talk | The vibrancy of Penang sub sale (secondary market) once again been rejuvenated by Malaysian Institute of Estate Agents (MIEA) with the official opening ceremony been held at Queensbay Mall this afternoon (13 Aug 2015). The Malaysian Secondary Property Exhibition Penang Chapter (Maspex 2015) is four days (13-16 Aug 2015) event. It has 33 booths to cater for buyers and sellers flavor. The location of booths are been divided into two sections with 17 booths at Center Zone (cum discussion area) and 16 booths at South Zone.

With ringgit depreciation, property is the best hedge against hyperinflation: Malaysia | Foreign Exchange | Quo Vadis, Ringgit! Facts And Evolutions

The pictography of the event:

MASPEX%202015%20property%20showcase%20%7C%20houses%2C%20condminiums%2C%20apartments%2C%20soho%2C%20offices%2C%20factories
MASPEX 2015 property showcase | houses, condminiums, apartments, soho, offices, factories for sale, to buy and rent

PropertyGuru%20booth%20%7C%20Malaysia%27s%20Leading%20Property%20Site
Silver sponsor | PropertyGuru booth | Malaysia's Leading Property Site

Mudah.my%20booth%20%7C%20Property%20Slow%20To%20Sell%3F
Silver sponsor | Mudah.my booth | Malaysia's Largest Marketplace

Bird%20view%20of%20central%20atrium%20on%20participating%20booths%20with%20main%20sponsor%20Maybank
Bird view of central atrium on participating booths with main sponsor Maybank

Bird%20view%20of%20central%20atrium%20on%20participating%20booths%20%28entrance%20section%29
Bird view of center zone on participating booths (facing center entrance section)

Bird%2520view%2520of%2520south%2520atrium%2520on%2520participating%2520booths
Bird view of south zone on participating booths

MIEA%27s%20booth%20facing%20south%20entrance
MIEA's booth facing south zone entrance


Boldly go. LLAP

This report is been compiled by VULCAN INTERNATIONAL Real Estate Research Institute http://VulcanResearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://VulcanInternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Sunday, July 26, 2015

Malaysia | Foreign Exchange | Quo Vadis, Ringgit! Facts And Evolutions

Forex%20Currency%20Charts%20%7C%20Exchange%20Rates%20Malaysian%20Ringgit%20Against%20Major%20Currencies%20Published%20By%20Bank%20Negara%20Malaysia%20%28BNM%29


Since beginning of this year, I started to have interest in foreign exchange market when a deal involving a foreigner purchase of landed property. Investor Forum Business Daily | Exchange Rates History| Malaysian Ringgit versus US Dollar. That was the time I started my monitoring.

A glass could be half full or half empty. Depending on how you view it. For us as investors we would like to look from the perspective of how turn the tides around with data. As history been mentioned, Malaysia started to pegged the ringgit against greenback (US dollar) in September 1998. For a duration of 7 years till July 2005 the ringgit was pegged at the psychological threshold of RM3.8000-to-a-dollar. Bank Negara Malaysia (BNM) did the capital control during Asian financial crisis (AFC). 

Fast forward exactly 10 years after lifted the peg, the Malaysian ringgit went above the 3.8000 threshold again and that happened during last two weeks. Are we in for another financial crisis (again)? What is your opinion? Trying to connect the dots. The local note was also traded lower against other major currencies except the Euro (refers to the graph) during the one year snapshot. At the closing last Friday (24 July 2015), the Interbank Foreign Exchange Market in Kuala Lumpur recorded 3.8080/3.8100 .

This is your opportunity to invest in Penang. Apparently with current scenario, foreigners might want to invest their hard earned money here. Malaysia has initiated her Malaysia My Second Home (MM2H) program with various incentives. MM2Home | MM2H Forum Expat Malaysia| MM2H requirements | MM2H newsRecently a group of 6,000 tourists from China under their company trips made their way to Penang and Langkawi Island. It was reported 3,000 tourists spent their holidays in Penang while the other 3,000 tourists spent theirs in Langkawi Island located north of Penang Island.

George%20Town%20Festival%202015%20%28GTF%202015%29

George Town Festival 2015 (GTF 2015) celebration in the month of August. As part of George Town inscription on 7 July 2009 as UNESCO World Heritage Sites, the #GTF2015 will features arts, culture, heritage and community events to celebrate throughout the festive month. This is another opportunity to get to know Penang better. Previous year events: UNESCO World Heritage | Month-long celebration at George Town Festival 2013.

Malaysian Secondary Property Exhibition (MASPEX2015) Penang Edition is around the corner: Penang MASPEX 2015 Reboot In Queensbay Mall from 13 Aug 2015 to 16 Aug 2015. This is the 3rd edition for Malaysian Secondary Property Exhibition (MASPEX). It's expect to showcase more than 6,000 properties covering Penang Island and its mainland secondary (sub-sale) market properties. There will be property talks' sessions to cater for buyers to enhance their knowledge on status updates for Affordable Housing in Penang and Penang's infrastructure projects with their impacts on Penang Property Hotspots.


Boldly go. LLAP

This report is been compiled by VULCAN INTERNATIONAL Real Estate Research Institute http://VulcanResearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://VulcanInternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.