Penang Investment Webinar: Your Springboard to the World

AMCHAM’s CEO Siobhan Das was invited to moderate the panel discussion at Invest Penang’s webinar “Penang Investment Webinar: Your Springboard to the World” earlier this morning. Penang is known as the ‘Silicon Island of the East,’ one of the most vital economic powerhouses in Malaysia and home to many Global Fortune 500 Companies. The presentations and discussions at today’s webinar showcased why Penang, and Malaysia altogether, should be—if it isn’t already—your preferred destination for business.

This session served as a means for businesses, consultants, and investors to learn more about Penang in particular and why to choose Penang as your destination for business and investment. The panel of speakers comprised of Dato’ Seri Lee Kah Choon, Special Investment Advisor to the Chief Minister of Penang and Director of Invest Penang; Nelson Samuel, Director, Malaysian Investment Development Authority (MIDA), New York; Dave Mitchell, VP of Operation, Boston Scientific Malaysia; Mike Snell, Corporate VP, Manufacturing, Lam Research Corporation; and Shankar Nagalingam, VP & GM, Clarivate Malaysia.

Dato’ Seri Lee Kah Choon gave an overview of Penang providing world-class infrastructure, capabilities & services, excellent connectivity, and having 50 years of industrial experience and business intelligence. Nelson Samuel, on the other hand, presented MIDA’s role in promoting Malaysia as a whole. It’s comforting to know that despite challenging times, there are many new investments coming in coupled with new expansion plans by existing investors in Penang. Dave Mitchell and Mike Snell both shared their journey setting up their operations in Penang and why they choose Penang specifically.

The moderated discussion covered a wide range of topics including, but not limited to, the global supply chain and talent acquisition and management. It was truly an engaging session throughout and AMCHAM would like to thank Invest Penang for inviting us on the panel.