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Penang embraces AI for economic growth under Penang2030 vision
Penang embraces AI for economic growth under Penang2030 vision

The Sun

time5 days ago

  • Business
  • The Sun

Penang embraces AI for economic growth under Penang2030 vision

GEORGE TOWN: Penang is positioning artificial intelligence (AI) as a central pillar of its economic growth strategy. Chief Minister Chow Kon Yeow highlighted AI's role in digital education, smart governance, and entrepreneurship under the Penang2030 vision. He stated that AI is vital for maintaining Penang's status as a technology hub and ensuring global competitiveness. The AI Horizon 2025 initiative supports this vision, backed by the upcoming Penang Digital Economy Master Plan 2025–2030. The plan focuses on digitalising businesses, nurturing talent, and expanding high-tech ecosystems, including AI hubs and data centres. Deputy Chief Minister II Jagdeep Singh Deo, overseeing human capital and tech development, also attended the launch. Chow emphasised alignment with Malaysia's 13th Plan to become a regional AI leader by 2030. He urged early AI integration in schools, TVET institutions, and universities to prepare the workforce. The strong public turnout at AI Horizon 2025 reflects growing interest in AI adoption. The event, organised by Tech Dome Penang and partners like MOSTI and HRD Corp, gathered policymakers and industry leaders. Over 50 tech firms and partners participated, featuring competitions, expert panels, and AI innovation exhibitions. The initiative aims to accelerate AI adoption across industries and education for long-term economic resilience. - Bernama

KUKA Robotics Expands Malaysian Footprint With New Penang Office, Strengthening Nation's Automation Hub Status
KUKA Robotics Expands Malaysian Footprint With New Penang Office, Strengthening Nation's Automation Hub Status

Barnama

time18-06-2025

  • Business
  • Barnama

KUKA Robotics Expands Malaysian Footprint With New Penang Office, Strengthening Nation's Automation Hub Status

PENANG, June 18 (Bernama) -- KUKA Robotics Malaysia, a subsidiary of Germany-headquartered KUKA — a global leader in intelligent automation solutions and majority-owned by China's Midea Group – today marked a significant milestone with the official launch of its new Penang branch in Bandar Cassia, Batu Kawan. This strategic move reinforces the company's commitment to advancing industrial automation and robotics innovation in Malaysia and across the Asia-Pacific Economic region. The ceremony was graced by YB Tuan Jagdeep Singh Deo, Deputy Chief Minister II of Penang, alongside senior representatives from the Ministry of Investment, Trade and Industry (MITI), Malaysian Investment Development Authority (MIDA), InvestPenang, and key industry leaders.

LHDN receives 328 million e-invoices from nearly 35,000 taxpayers since August 2024
LHDN receives 328 million e-invoices from nearly 35,000 taxpayers since August 2024

New Straits Times

time12-06-2025

  • Business
  • New Straits Times

LHDN receives 328 million e-invoices from nearly 35,000 taxpayers since August 2024

GEORGE TOWN: The Inland Revenue Board (LHDN) has received 328 million e-invoices from taxpayers as of yesterday, since the system was launched in August 2024. LHDN tax operations department director (e-Invoice division) Dr Rasyidah Che Rosli said nearly 35,000 taxpayers had submitted e-invoices, including many who had adopted the system voluntarily ahead of their respective mandatory phases. "This is a positive response from taxpayers under the first phase, as well as those in the second and third phases who have implemented e-invoicing voluntarily. "The digital records via the e-Invoice system help prevent the loss or misplacement of documentation and will, in future, be integrated directly into taxpayers' return forms for greater efficiency and accuracy," she told reporters at the CTOS SME Biz Day 2025 Penang, held at the Setia Spice Convention Centre here today. The event was officiated by Penang Deputy Chief Minister II Jagdeep Singh Deo, and was attended by more than 1,300 participants, including government representatives, industry experts and corporate leaders. Meanwhile, Rasyidah said LHDN had granted an interim six-month relaxation period for each implementation phase involving taxpayers who are issuing consolidated e-invoices. She said the board was also supporting taxpayers during the transition by providing guidelines and frequently asked questions on its e-Invoice microsite. "LHDN also provides a transmission mechanism through an application programming interface (API) integrated with MyInvois, which allows taxpayers to either develop their own system or use the services of technology providers," she added. Taxpayers may also submit their e-invoices via the MyInvois portal free of charge, and are encouraged to refer to the LHDN e-Invoice microsite for further guidance. The e-Invoice system was implemented on Aug 1, 2024, for companies with annual sales exceeding RM100 million. The second phase began on Jan 1, 2025, for companies with annual sales between RM25 million and RM100 million. On June 5, LHDN announced that taxpayers with income or annual sales below RM500,000 would be exempted from the e-Invoice requirement for now. Implementation has been postponed to Jan 1, 2026, for those with earnings between RM1 million and RM5 million, while those with income up to RM1 million will begin on July 1, 2026.

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