the MoU Signing Ceremony Penang Development Corporation, Temasek and EDIS for the development of Penang International Technology Park and BPO Prime

Posted in Dari Meja Ketua Menteri

Speech by the Rt. Hon. Mr Lim Guan Eng, Penang Chief Minister at the MoU Signing Ceremony Penang Development Corporation, Temasek and EDIS for the development of Penang International Technology Park and BPO Prime, Friday, May 23, 2014 at 2.45 p.m.

It is a great pleasure for me to be here with you today at the signing of MoU for the development of Penang International Technology Park and BPO Prime.

Penang Development Corporation (“PDC”) today will ink a Memorandum of Understanding (“MOU”) with Temasek and Economic Development Innovations Singapore Pte Ltd (“EDIS”). PDC and Temasek intend to form a joint-venture company to develop Penang International Technology Park (“PITP”) and Business Process Outsourcing Prime (“BPO Prime”).

PDC will hold 51% in the joint-venture company with the remaining stake held by investors, including Temasek. EDIS will provide project management services to the joint-venture company. The gross development value for this project is estimated to be around RM11.3 billion. The MOU is subject, among other things, to the finalisation of definitive documents.

Located in Batu Kawan and in Bayan Baru respectively, PITP and BPO Prime have been identified by the Penang State Government as priority projects for Penang’s development. The PITP and BPO Prime with a size of 206.8 acres will be completed over the next 5 to 10 years. BPO Prime will be part of the effort by the state government to fulfil Penang's destiny as one of the 31 BPO hubs of the future.

Penang has experienced two growth transformations – industrialisation and clustering in the past to become a successful industrialised economy and this development focusing on the services sector will help Penang's economy move up the value-chain, by driving the third growth wave of knowledge intensive and innovation-led growth.

The project’s vision is to create new clusters of economic development with opportunities to live, work, learn and play in sustainable and innovative urban spaces. The strategies are:

1. Economic development – The influx of activity to the project will provide a significant boost to Penang’s economy and act as a major catalyst for further development

2. High value manufacturing and innovation – The focus will be on attracting market leaders in knowledge-based sectors such as Business Process Outsourcing (BPO), Information Communications and Technology (ICT) and advanced manufacturing that leverage Penang’s existing comparative advantage and capabilities in the electronics industry.

3. Job creation – Job creation will be at the core of the project’s success. The project is expected to generate about 25,000 to 30,000 high income and quality jobs.

This MOU demonstrates the success of PDC’s efforts to collaborate with foreign investors in attracting world-class international companies. Penang has witnessed the completion and opening of the Penang Second Bridge on 1st March 2014. On that same day, Penang launched the RM3.3 billion BPO Hub in Batu Kawan and Bayan Baru, which is one of the main components in the MOU signing ceremony today.

Over the next three years, Penang is expecting the realisation of a premium outlet, theme park and international golf resort, and the sprouting up of universities in the Education Hub and other business establishments as well as building of over 20,000 units of affordable housing. The new BPO is the beginning of the growth cycle on Penang. Thank you.

-- CN Version --

槟州首席部长林冠英于2014年5月23日出席槟州发展机构, 淡马锡及新加坡经济发展创新局(EDIS) 为槟城国际科技园及商业流程首要外包中心的发展签署谅解备忘录仪式

演讲稿

很高兴出席今天槟城国际科技园及商业流程首要外包中心的发展签署谅解备忘录仪式。

槟州发展机构(“PDC”) 今日与淡马锡及新加坡经济发展创新局(“EDIS”) 签署谅解备忘录。槟州发展机构及淡马锡有意组成一个联营公司,共同发展槟城国际科技园(“PITP”) 及商业流程首要外包中心(“BPO Prime”)。

槟州发展机构将持有此联营公司的51%股权,其余股权则由包括淡马锡在内的投资者所持。新加坡经济发展创新局(EDIS)将会为此公司提供计划管理服务。这项计划的总发展值为113亿令吉。此备忘录将以正式签署的最后文件为定稿。

槟城国际科技园及商业流程首要外包中心分别位于峇都交湾及峇央峇鲁,并经被槟州政府确认为槟州发展的优先项目。总面积206.8英亩的槟城国际科技园及商业流程首要外包中心,将在未来的5至10年内完工。商业流程首要外包中心将是州政府要将槟城打造成全球未来31个主要外包中心的努力之一。

槟城曾经历了两次的发展转型-- 工业化,然后结合过去工业化的经验,成为一个成功的工业化经济体。专注于服务领域的发展,将协助槟城提升价值链,促使第三波以知识及创新为主导的新发展。

这项计划的愿景是借在城市中的可持续及创新空间,制造机会让人能够生活、工作、学习及玩乐,创造新的经济发展。当中的策略包括:

1. 经济发展:注入此计划的活动项目,将对刺激槟州的经济起着显著的作用,并作为进一步发展的催化剂。
2. 高价值的制造与创新:焦点将会放在吸引知识型行业的市场领导者,如商业流程外包(BPO)、资讯通讯工艺(ICT) 及先进制造业,以对槟城现有具优势及能力的电子行业起着杠杆作用。
3. 制造就业业机会:制造就业机会将成为此计划成功的核心。预料这计划将能够制造约2万5000至3万个高收入及有素质的就业机会。

这项谅解备忘录的签署,象征着槟州发展机构成功与外国投资者合作,以吸引世界级的公司。槟城于2014年3月1日见证了第二大桥的建竣。在同一天,槟城也推介总值33亿令吉、位于峇都交湾及峇央峇鲁的商业流程外包中心。这也是今天签署谅解备忘灵的其中一个主要部分。

在未来的3年,槟城预料将能实现名牌折扣商场(premium outlet)、主题公园、国际高球俱乐部、还有聚集各主要大学的教育中心,以及其他的商业活动。我们也计划兴建超过2万个单位的可负担房屋或平民屋。是项新的商业流程外包,将会是槟州新一轮发展的起点。

 

谢谢!

MOU Signing between PDC, Temasek and EDIS for the development of Penang International Technology Park and BPO Prime

Posted in Dari Meja Ketua Menteri

MOU Signing between PDC, Temasek and EDIS for the development of Penang International Technology Park and BPO Prime May 23 2014 – Press Release

Penang Development Corporation (“PDC”) today inked a Memorandum of Understanding (“MOU”) with Temasek and Economic Development Innovations Singapore Pte Ltd (“EDIS”). PDC and Temasek intend to form a joint-venture company to develop Penang International Technology Park (“PITP”) and Business Process Outsourcing Prime (“BPO Prime”).  PDC will hold 51% in the joint-venture company with the remaining stake held by investors, including Temasek. EDIS will provide project management services to the joint-venture company. The gross development value for this project is estimated to be around RM11.3 billion. The MOU is subject, among other things, to the finalisation of definitive documents.

Located in Batu Kawan and in Bayan Baru respectively, PITP and BPO Prime have been identified by the Penang State Government as priority projects for Penang’s development. The PITP and BPO Prime with a size 206.8 acres will be completed over the next 5 to 10 years. BPO Prime will be part of the effort by the state government to fulfil Penang's destiny as one of the 31 BPO hubs of the future.

Penang has experienced two growth transformations – industrialisation and clustering in the past to become a successful industrialised economy and this development focusing on the services sector will  help Penang's economy move up the value-chain, by driving the third growth wave of knowledge intensive and innovation-led growth.


The project’s vision is to create new clusters of economic development with opportunities to live, work, learn and play in sustainable and innovative urban spaces. The strategies are:

1. Economic development – The influx of activity to the project will provide a significant boost to Penang’s economy and act as a major catalyst for further development
2. High value manufacturing and innovation – The focus will be on attracting market leaders in knowledge-based sectors such as Business Process Outsourcing (BPO), Information Communications and Technology (ICT) and advanced manufacturing that leverage Penang’s existing comparative advantage and capabilities in the electronics industry.
3. Job creation – Job creation will be at the core of the project’s success. The project is expected to generate about 25,000 to 30,000 high income and quality jobs.

This MOU demonstrates the success of PDC’s efforts to collaborate with foreign investors in attracting world-class international companies. Penang witnessed the completion and opening of the Penang Second Bridge on 1st March 2014.  On that same day, Penang launched the RM3.3 billion BPO Hub in Batu Kawan and Bayan Baru, which is one of the main components in the MOU signing ceremony today. Over the next three years, Penang is expecting the realisation of a  premium  outlet,  theme  park  and  international  golf  resort, and  the sprouting  up of universities in the Education Hub and  other business establishments as well as building of over 20,000 units of affordable housing. The new BPO is the beginning of the growth cycle on Penang. 

About PDC

The Penang Development Corporation (PDC), established on 17 November 1969 is the premier development agency of the State Government of Penang. Since its incorporation, the PDC has been tasked with the responsibility of spearheading socio-economic growth, creating employment and improving the quality of life of the people of Penang. Its principal activities include being the government think-tank, industrial park development, township development, urban redevelopment, affordable housing and investments.

For more information on PDC, please visit www.pdc.gov.my.

About Temasek

Incorporated in 1974, Temasek is an investment company based in Singapore. Supported by 11 offices globally, Temasek owns a S$215 billion portfolio as at 31 March 2013, with 71% of its underlying assets in Asia (including Singapore), and 25% in the mature economies of North America, Europe, Australia & New Zealand.

Temasek's investment themes centre on:

• Transforming Economies
• Growing Middle Income Populations
• Deepening Comparative Advantages
• Emerging Champions

Temasek’s portfolio covers a broad spectrum of industries: financial services; transportation, logistics and industrials; telecommunications, media & technology; life sciences, consumer & real estate; energy & resources.

Total shareholder return since inception in 1974 has been 16% compounded annually.

The company has had a corporate credit rating of AAA/Aaa since its inaugural credit rating in 2004, by rating agencies Standard & Poor's and Moody's respectively.

For more information on Temasek, please visit www.temasek.com.sg.


About EDIS

Economic Development Innovations Singapore Pte. Ltd. (“EDIS”) is a privately-held company headquartered in Singapore with offices in Germany and the US. 

EDIS is chaired by Mr. Philip Yeo, one of Singapore’s foremost economic architects. With expertise honed in conceiving and managing townships in India, Vietnam, China and Indonesia, EDIS’ core business is in the provision of strategic advisory services as well as developing integrated cities with a view towards economic development and job creation. 
 
For more information on EDIS, please visit www.edis.sg.

--BM Version --

Memorandum Persefahaman (MoU) di antara PDC, Temasek dan EDIS bagi projek pembangunan Penang International Technology Park (PITP) dan BPO Prime  Jumaat, 23 Mei, 2014

KENYATAAN AKHBAR

Perbadanan Pembangunan Pulau Pinang telah menandatangani Memorandum Persefahaman (MoU) dengan Temasek dan Economic Development Innovations Singapore Pte Ltd (“EDIS”). PDC dan Temasek bersepakatan untuk membentuk syarikat usahasama bagi membangunkan Penang International Technology Park (PITP) dan Business Process Outsourcing Prime (BPO Prime).  Perbadanan Pembangunan Pulau Pinang akan memegang 51% syer dalam syarikat usahasama ini dan selebihnya dipegang oleh pelabur - Temasek. EDIS akan menyediakan perkhidmatan pengurusan projek kepada syarikat usahasama ini. Nilai pembangunan kasar projek ini adalah dijangka berjumlah lebih kurang RM11.3 billion. MoU ini tertakluk kepada dokumen muktamad penyempurnaan projek ini.

Terletak di Batu Kawan dan Bayan Baru, PITP dan BPO Prime masing-masing merupakan projek yang di beri keutamaan oleh Kerajaan Negeri sebagai salah satu projek pembangunan di Negeri ini. PITP dan BPO Prime dengaan keluasan 206.8 ekar akan disiapkan dalam tempoh lima hingga sepuluh tahun. BPO Prime akan menjadi sebahagian daripada usaha Kerajaan Negeri untuk memenuhi peluang Pulau Pinang sebagai salah satu daripada 31 hub BPO pada masa hadapan.

 
Pulau Pinang telah mengalami dua perubahan pertumbuhan - perindustrian dan kemudian kelompok untuk menjadi ekonomi perindustrian yang berjaya dan perkembangan yang memberi tumpuan kepada sektor perkhidmatan ini akan membantu ekonomi di Pulau Pinang bergerak ke arah rantaian nilai dengan memandu gelombang pertumbuhan ketiga pengetahuan intensif dan pertumbuhan dorongan inovasi.


Visi projek ini adalah untuk mewujudkan kelompok pembangunan ekonomi yang baru dengan peluang untuk ‘live, work, learn and play’ dalam ruang / kawasan bandar inovatif dan mampan.  Strategi untuk pembangunan ini adalah seperti berikut: 

1. Pembangunan ekonomi - aktiviti yang akan dilaksanakan melalui projek ini akan menjadikan Pulau Pinang pemangkin pembangunan masa hadapan dan akan membantu dalam pembentukkan pembangunan ekonomi negeri.
2. Industri pembuatan nilai tinggi dan berinovasi- menarik pemimpin pasaran dari sektor yang berasaskan pengetahuan seperti BPO, ICT dan pembuatan yang akan mengilap kepakaran dalam bidang elektronik yang sedia ada.
3. Peluang- peluang perkerjaan akan di janakan apabila projek ini berjaya dilancarkan. Projek ini dijangka dapat menarik lebih kurang 25,000- 30,000 pekerja berpengetahuan.

Memorandum Persefahaman ini menandakan kejayaan Perbadanan Pembangunan Pulau Pinang yang dapat bekerjasama dengan pelabur asing bagi menarik syarikat bertaraf antarabangsa untuk melabur di Pulau Pinang. Pulau Pinang telahpun menyaksikan penyempurnaan serta perasmian Jambatan Kedua Pulau Pinang yang telah mula beroperasi sejak 1 Mac tahun ini. Pada detik yang sama, Pulau Pinang telah melancarkan Hub BPO Batu Kawan dan Bayan Baru yang bernilai RM3.3 billion, di mana ia merupakan salah satu komponen utama bagi Majlis menandatangani Memorandum Persefahaman hari ini. Dijangka dalam masa tiga tahun akan datang, Pulau Pinang akan merealisasikan projek- projek pembangunan seperti premium outlet, taman tema dan resort golf antarabangsa serta  penubuhan universiti- universiti di hub pendidikan dan bisnis serta 20,000 unit perumahan mampu milik. BPO baru ini adalah permulaan kitaran pertumbuhan di Pulau Pinang.


Mengenai Perbadanan Pembangunan Pulau Pinang

Perbadanan Pembangunan Pulau Pinang yang ditubuhkan pada 17 November 1969 merupakan agensi pembangunan unggul Kerajaan Negeri Pulau Pinang. Sejak penubuhannya, Perbadanan Pembangunan Pulau Pinang telah dipertanggungjawapkan untuk menerajui pertumbuhan sosio-ekonomi, mewujudkan peluang pekerjaan dan meningkatkan kualiti hidup rakyat Pulau Pinang. Aktiviti utama Perbadanan Pembangunan Pulau Pinang termasuklah menjadi tenaga pemikir Kerajaan Negeri, pembangunan taman- taman perindustrian, pembangunan perbandaran, pembangunan semula bandar, perumahan mampu-milik dan pelaburan. Visi Perbadanan Pembangunan Pulau Pinang adalah ‘Untuk menjadi agensi Kerajaan Negeri utama yang berusaha ke arah menjadikan Pulau Pinang sebuah negeri yang lebih kondusif melalui pembangunan sosio-ekonomi yang lestari’ merupakan panduan bagi semua perancangan untuk negeri Pulau Pinang dan rakyatnya. 

Untuk makluman lanjut mengenai Perbadanan Pembangunan Pulau Pinang, sila layari laman sesawang www.pdc.gov.my


Mengenai Temasek

Ditubuhkan pada tahun 1974, Temasek holding adalah syarikat pelaburan dari Singapura. Terdapat 11 pejabat di peringkat global. Temasek mempunyai portfolio pelaburan yang bernilai S$215 billion pada 31 March 2013 dengan 71% asset pelaburannya di Asia (termasuk Singapura) dan 25%  di Amerika Utara, Eropah,  Australia dan New Zealand.

Tema pelaburan Temasek tertumpu kepada:

• Ekonomi Transformasi
• Meningkatan golongan berpendapatan sederhana
• Meningkatkan kelebihan berbanding
• “Emerging Champions”

Portfolio Temasek merangkumi skop spektrum yang meluas termasuk perkhidmatan kewangan, pengangkutan, logistik dan perindustrian; telekomunikasi, media dan teknologi, kaji hayat, penggunaan, hartanah, tenaga dan sumber.

Jumlah pulangan pelaburan sejak tahun 1974 adalah sebanyak 16% dengan kompaunan setiap tahun.

Temasek mempunyai AAA/Aaa dalam kedudukan korporat kredit sejak 2004 oleh Standard & Poor dan Moody.

Untuk makluman selanjutnya mengenai Temasek, sila layari www.temasek.com.sg 

Mengenai EDIS

Economic Development Innovations Singapore Pte. Ltd. (“EDIS”) adalah syarikat milikan persendirian dengan ibu pejabatnya di Singapura dan  cawangan-cawangan  di Negara Jerman dan Amerika Syarikat.

EDIS dipengerusikan oleh Encik Philip Yeo. Beliau merupakan arkitek ekonomi yang terulung di Singapura. Dengan kepakaran beliau dalam merealisasikan dan menguruskan perbandaran di India, Vietnam, China dan Indonesia, bisnis teras EDIS adalah untuk memberikan perkhidmatan nasihat strategik dan juga membangunkan bandar-bandar integrasi ke arah pembangunan ekonomi dan mewujudkan peluang perkejaan.

Untuk makluman selanjutnya mengenai EDIS, sila layari www.edis.sg

-- CN version --

槟州发展机构, 淡马锡及新加坡经济发展创新局(EDIS) 为
槟城国际科技园及商业流程首要外包中心的发展签署谅解备忘录仪式
2014年5月23日
新闻稿

槟州发展机构(“PDC”) 今日与淡马锡及新加坡经济发展创新局(“EDIS”) 签署谅解备忘录。槟州发展机构及淡马锡有意组成一个联营公司,共同发展槟城国际科技园(“PITP”) 及商业流程首要外包中心(“BPO Prime”)。槟州发展机构将持有此联营公司的51%股权,其余股权则由包括淡马锡在内的投资者所持。新加坡经济发展创新局(EDIS)将会为此公司提供计划管理服务。这项计划的总发展值为113亿令吉。此备忘录将以正式签署的最后文件为定稿。

槟城国际科技园及商业流程首要外包中心分别位于峇都交湾及峇央峇鲁,并经被槟州政府确认为槟州发展的优先项目。总面积206.8英亩的槟城国际科技园及商业流程首要外包中心,将在未来的5至10年内完工。商业流程首要外包中心将是州政府要将槟城打造成全球未来31个主要外包中心的努力之一。

槟城曾经历了两次的发展转型-- 工业化,然后结合过去工业化的经验,成为一个成功的工业化经济体。专注于服务领域的发展,将协助槟城提升价值链,促使第三波以知识及创新为主导的新发展。

这项计划的愿景是借在城市中的可持续及创新空间,制造机会让人能够生活、工作、学习及玩乐,创造新的经济发展。当中的策略包括:

1. 经济发展:注入此计划的活动项目,将对刺激槟州的经济起着显著的作用,并作为进一步发展的催化剂。
2. 高价值的制造与创新:焦点将会放在吸引知识型行业的市场领导者,如商业流程外包(BPO)、资讯通讯工艺(ICT) 及先进制造业,以对槟城现有具优势及能力的电子行业起着杠杆作用。
3. 制造就业业机会:制造就业机会将成为此计划成功的核心。预料这计划将能够制造约2万5000至3万个高收入及有素质的就业机会。

这项谅解备忘录的签署,象征着槟州发展机构成功与外国投资者合作,以吸引世界级的公司。槟城于2014年3月1日见证了第二大桥的建竣。在同一天,槟城也推介总值33亿令吉、位于峇都交湾及峇央峇鲁的商业流程外包中心。这也是今天签署谅解备忘灵的其中一个主要部分。

在未来的3年,槟城预料将能实现名牌折扣商场(premium  outlet)、主题公园、国际高球俱乐部、还有聚集各主要大学的教育中心,以及其他的商业活动。我们也计划兴建超过2万个单位的可负担房屋或平民屋。是项新的商业流程外包,将会是槟州新一轮发展的起点。

PERASMIAN PELAKSANAAN PROJEK NAIKTARAF KOMPLEKS MAKANAN PADANG BROWN

Posted in Dari Meja Ketua Menteri

TEKS UCAPAN PERASMIAN PELAKSANAAN PROJEK
NAIKTARAF KOMPLEKS MAKANAN PADANG BROWN,
DATO KERAMAT, PULAU PINANG PADA 8 MEI 2014


1. Terlebih dahulu saya ingin merakamkan rasa bersyukur kerana kita dapat bersama-sama dalam Majlis Perasmian Pelancaran Projek Naiktaraf Kompleks Makanan Padang Brown, Dato Keramat, Pulau Pinang pada pagi yang mulia ini. Pada Kesempatan ini saya dengan sukacita ingin merakamkan ucapan syabas dan tahniah kepada pihak MPPP kerana komitmen yang diberikan dalam merealisasikan inspirasi Kerajaan Negeri dalam menjadikan Pulau Pinang sebagai satu bandaraya bertaraf antarabangsa.

Para hadirin yang saya hormati sekalian,

2. Saya ingin melahirkan satu harapan dengan pelaksanaan projek naiktaraf Kompleks Makanan ini, sekurang-kurangnya kita dapat membuktikan bahawa Kerajaan Negeri melalui penglibatan aktif Majlis Perbandaran Pulau Pinang mampu untuk meningkatkan kualiti dan mutu kehidupan penjaja-penjaja kecil dalam kawasan pulau ini ekoran dari peningkatan kos sara hidup yang semakin meruncing sejak kebelakangan ini. Trend kenaikan barangan pengguna kita tidak menjadi satu alasan kepada MPPP untuk terus melaksanakan kerja-kerja naik taraf kompleks makanan di dalam pulau ini.

3. Sebagai penjaja di dalam kompleks makanan MPPP, saudara dan saudari perlu mengambil inisiatif dalam meningkatkan daya tarikan agar dapat menarik ramai pengunjung ke dalam kompleks makanan yang bakal dinaiktaraf ini dan dijangka siap pada Mac 2015. Majlis Perbandaran Pulau Pinang telah melantik Syarikat Arza Aktif Enterprise bagi menjalankan kerja-kerja naiktaraf Kompleks Makanan ini melalui Tender Terbuka. Kos bagi projek naiktaraf ini adalah berjumlah RM 2,620,110.40.

4. Prinsip Gender Responsive Budgeting yang di amalkan ini telah diaplikasikan dalam projek naiktaraf kompleks ini yang mana ia merangkumi penyediaan kemudahan berikut:-

i) 33 unit gerai makanan dan minuman halal
ii) 24 unit gerai makanan dan minuman tidak halal
iii) Tandas Awam yang merangkumi tandas lelaki, wanita dan OKU
iv) Bilik khas untuk menyusu
v) Surau
vi) Laluan basikal dan kerja-kerja landskap

5. Dengan kelengkapan dan reka bentuk yang moden dalam kerja-kerja naiktaraf ini, saya berharap tahap pendapatan penjaja dalam kompleks ini dapat dipertingkatkan.

Hadirin sekalian,

6. Saya harap semua penjaja boleh bersama-sama menjaga kebersihan selaras dengan dasar Kerajaan Negeri Pulau Pinang ke arah Hijau, Bersih, Sihat dan Selamat yang telah berjaya menarik ramai pelancong tempatan dan luar negara untuk berkunjung ke Pulau Pinang.

7. Akhir kata, saya mendoakan agar langkah yang diambil oleh MPPP dalam menaiktaraf kompleks Makanan Padang Brown ini mampu meningkatkan kualiti dan taraf hidup penjaja kecil di Negeri Pulau Pinang. Dengan kata-kata tersebut saya dengan ini ingin merasmikan Majlis Pelancaran Kerja-Kerja Naiktaraf Kompleks Makanan Padang Brown, Dato Keramat.

Sekian, terima kasih.

Creative Industry Conference & Showcase (PCICS)

Posted in Dari Meja Ketua Menteri

Speech by Penang Chief Minister Lim Guan Eng at The Opening of Penang Creative Industry Conference & Showcase (PCICS) on 6th May 2014

The Creative Animation Trigger Aspires to Be a Change-maker in Allowing Penang to Escape the Middle-Income Trap and Become a High-Income Economy.

(SALUTATION LIST TO BE ADVISED)

It is a great pleasure for me to be here with you today at the Penang Creative Industry Conference & Showcase (PCICS).

The event aims to highlight creative industries in Penang and discuss the best means to promote, develop and build an interactive connection between creative industries and end users

Wining the Future by Investing in the Future through Creative Economy
Penang’s economy has shifted from extraction in the 1960s to industrialisation, from the export of raw commodities to manufacturing. In other words, Penang’s economy was factor-driven by relying on basic commodities before being efficiency-driven by relying on manufacturing. Penang needs to be not only efficiency-driven but also innovation-driven in manufacturing, services and even the public sector.

The key to future economic success is not an over-reliance on one sector but to seek convergence of not only the manufacturing sector but also both the services and government sector. Services sector includes not only tourism, medical treatment and education but ICT, shared services & outsourcing (SSO) and creative multimedia content.

Developing the state’s talented young people to move up the value chain is a priority of the State Government. We shall at the same time encourage infrastructure development, especially in education by attracting world-class educational institutions not just at the university-level but also vocational level, and also generate employment opportunities for our youths.

We are helping to build the capacity of the state as it moves toward a knowledge economy by maximizing local content, adding value through integrated industrial parks, and promoting economic diversification and entrepreneurship. The state will facilitate growth in the monetisation of creative multimedia content, helping to create a paradigm shift amongst Penang’s creative community to be more entrepreneurial in their approach to the creative arts.

Importance of Creative Multimedia Content to Economy

There is a huge economic potential in the creative industry. According to PricewaterhouseCoopers (PwC), global consumer spending for the industry's output including film, television, music, games and educational content was expected to touch US$966 billion (about RM3.17 trillion) in 2016.

Gartner forecasts worldwide video games revenue will exceed US$111 billion in 2015, with $55 billion from Game Consoles. (Gartner, October 2013). 20th Century Fox’s Avatar was the highest-grossing movie on record, having netted US$2.8 billion at worldwide box offices. Disney’s Frozen earned US$1.1 billion in box office worldwide, and made the top-grossing animated film of all time. (Time.com, March 30, 2014)

Malaysian creative industries had recorded RM11.6 billion in revenue in 2010 and contributing 1.5 per cent to the Gross Domestic Product (GDP). (Min. Communication & Multimedia, 23 January 2014)

In 2011, the biggest revenue contributor was mobile content with RM7.8 billion (58%) and TV RM4.8 billion (36%) while film and gaming were still relatively small with merely RM681 million (5%) and RM150 million (1%). The total revenue of creative multimedia industry for 2011 was RM13.422 Billion and forecasted to reach RM23.847 billion by year 2017 (MDeC)

Penang Creative Industry
We have top badminton and squash players in Penang, and to name a few, we have also Anak Pulau Pinang who have made Penang proud in the creative industry.

The late Tan Sri Datuk Amar P. Ramlee, is the Malaysian movie legend with lifetime achievements in the music and movie industries. The golden era of the Malaysia's movie industry was during his time. He was an iconic Malaysian actor, director, singer, songwriter, composer and movie producer.
Dato’ Jimmo Choo is a London-based Malaysian luxury fashion designer best known for his hand-made women's shoes.

The Alleycats is a band comprise of Penang musicians led by vocalist Datuk David Arumugam. They gained popularity and become a national icon in entertainment industry.

Dato’ Seri Ooi Chean See, is an accomplished pianist based in Bonn, and the founding Resident Conductor of the Malaysian Philharmonic Orchestra (MPO). She is among the few women in the classical music world as a conductor of international orchestras.

Malaysia’s highest-grossing domestically made film, taking in RM17 million in box offices, The Journey, featured in The Wall Street Journal, was partially taken shots in Chew Jetty for the Jade Emperor God’s birthday.

A Penang-based production company Image Farm has been successful in the Finas Documentary Festival clinching three awards for producing a documentary ‘The Untold Truth about Supermokh’ and won the Special Jury’s Award for ‘Wira Chingay’.

Currently, we have over ten multimedia super corridor (MSC) status creative players located in Penang.

With us today also is Mr. Wong Cheng Fei rooted from Penang, who is the CEO & Executive Produce of Lemon Sky Games & Animation. Lemon Sky has grown to become one of the leading independent arts and animation studio in the region which been producing high quality CGI art and animation production for international clients such as Nelvana, EA, Microsoft and Bandai Namco.

The focus is to encourage the production of content which is of high quality, innovative and creative, hence, build the foundation for a thriving and lucrative creative multimedia industry to optimise the mature development of the digital network. Fostering creative industries can spur economic growth and create jobs. I hope to propel Penang further up the value chain via its focus on high value-added industries such as creative multimedia content.

BPO-ITO Hub Component of Creative Animation Triggers (CAT)

The creative multimedia industry is making its mark as one of the most sought-after industries in the world, with prospects ranging from post production, special effect studio, publishing, animation, computer games, interactive content, mobile content, applications, and also interactive media. In another words, the creative multimedia industry acts as glue that bonds technology and arts together in harmony.

Penang has the potential to become an animation cluster for Malaysia in the future. Here in Penang we have universities, colleges and academies that train creative multimedia talents. Our talents are also very deep in creativity in areas such as arts, 3D animation and animation touches, not just illustration and artistry.

The role of the Government is important to initiate the creation of a tangible and intangible environment to inspire creativity. The RM3.3 Billion BPO-ITO Hub launched on 1st Mach 2014 is directed towards diversifying the state’s economy and enable the growth of a viable employment sector. To incubate this emerging knowledge cluster, the George Town World Cultural Heritage Enclave has been identified as the centre of creative multimedia development with a total of 100,000 sq feet office space known as Creative Animation Triggers (CAT). The Penang State Government intends to rent the renowned Wisma Yeap Chor Ee heritage building as well as dedicating a land area of 793 sq.m within the George Town world cultural heritage enclave to spark this industry.

Creative Animation Triggers (CAT) aims to enhance capacity, capability and competency in Penang’s creative industry to produce world-class content and ultimately become a global hub for multimedia information and digital content services. Creative Animation Triggers (CAT) will be used to drive entrepreneurship in the creative industry. Creative Animation Triggers (CAT) can act as incubators for budding entrepreneurs in support of state’s efforts to intensify creative innovations.

As the Creative Animation Triggers (CAT) requires talented Penangites, we need to develop and grow the creative multimedia industry to make this a success.  These entrepreneurs are creative designers who are innovative and able to effectively conceptualize designs based on the specific needs of customers and organizations. They also possess entrepreneurial knowledge and skills. The combination of these is seen as crucial to the creative industry in the state as it provides a pool of competent and highly skilled creative workforce whom are adept at solving problems by generating ideas, creating visible and viable intellectual properties, and creating opportunities for others.

Patience is a key fundamental principle to make creativity bloom. The atmosphere should encourage and generate free flow of creativity and thinking. The State will expand Penang's cultural horizons and cultivate the creativity. These elements inspire local and global artist communities, attract top talents from everywhere, and that helped shape the topography of the creative community here.
Four years ago I have opened The Penang Speakers' Corner, the first Speakers Corner in Malaysia. In George Town Festival 2012, London-trained Lithuanian artist Ernest Zacharevic was commissioned to paint Mirrors George Town. His work, the “Little Children on A Bicycle” was chosen as one of the top 15 public mural in the world by readers of England’s The Guardian daily. This reflects that Penang has a strong base for creative people to feel at home, and naturally, it cultivates the creative industry.

Penang is an ideal place to develop creative industry as it has a business environment that helps promote innovation and creativity. State policies are focus on incubating cultural creativity in order for this sector to be an active player in the economy and to encourage innovation.
 
Incubation of this knowledge cluster in the centre of George Town UNESCO world cultural heritage enclave will grow our heritage community, boost the standard of professionalism and quality of the creative content entrepreneurs, and making Penang a creative city. It is for the community’s use to form a central arts district that can inspire creativity and offer an avenue for artists to gather.

Penang is catching up with more developed creative industries in developed nations like United States, South Korea and Japan which have contributed over five per cent to their GDP. (MyCreative, 17 February 2014)

New High-Paying Jobs
It is forecasted that the Creative Animation Triggers (CAT) will bring a unique business model to Penang, and is set to become a rich training ground for building new capabilities, skills and careers.

Get the infrastructure ready will empower and spur the creative activities growth in the state. I hope that these efforts would shift the industry into a higher income bracket level, and thereby, encourage more to consider this industry as a viable career option.

Creative Animation Triggers (CAT) will benefit the industry, especially in producing new intellectual properties, and creative talents while opening doors to higher income job opportunities. The Creative Animation Triggers (CAT) had also laid foundation to help create over 1,000 highly-skilled, knowledge-intensive and high-value job opportunities.

As a result of all these activities and investment, we can only look forward to better, faster options in the creative multimedia landscape, bringing Penang to escape from the middle-income trap.

The Penang Soft Power
This has presented us with opportunities which we must take in order to drive Penang forward based on the Penang blueprint, Penang Paradigm.  This is based on the infusion of innovation and creativity into Penang enterprises and most importantly, it will depend on a new breed of Penangites who are creative and innovative.

Penang intends to be a significant player in this market because we believe that we can be a meaningful and substantive contributor via creating impactful content for the world. The management of our creative resources, especially the talent, technology and markets is critical in order for Penang to move beyond that of just being a consumer of content, but to be a net exporter of content and content-related services.

This is timely and more critical that Penang take on an even more active role in the global creative industries. Penang is now working to create and eventually export its culture with the aim of enhancing its own soft power and creating a positive image on the world stage.

I want to see in Penang, groups of people starting creative enterprises. This is in line with the state’s paradigm shift of accelerated development to an international intelligent city. The state has increased its efforts to support Penang’s own native talent to remain competitive and be at the forefront of the creative multimedia industry. Unless we invest and promote such initiatives, the future cannot be won for Penang.

 

Before ending, let me thank investPenang, and Lemon Sky Animation, MDeC and The One Academy for collaborating and distinguished international and local speakers and moderators for sharing in this event.  Thank you! 
 
         LIM GUAN ENG