AGREEMENT SIGNING CEREMONY BETWEEN YGL CONVERGENCE BERHAD AND EXABYTES NETWORK SDN BHD & MOU SIGNING CEREMONY BETWEEN YGL CONVERGENCE BERHAD AND DIGITAL PENANG
SPEECH BY YAB TUAN CHOW KON YEOW
THE CHIEF MINISTER OF PENANG
AT THE AGREEMENT SIGNING CEREMONY BETWEEN YGL CONVERGENCE BERHAD AND EXABYTES NETWORK SDN BHD
&
MOU SIGNING CEREMONY BETWEEN YGL CONVERGENCE BERHAD AND DIGITAL PENANG
21ST SEPTEMBER 2023 | BILIK NILAM, KOMTAR
Mr. Khooi Chu Boon
Director of SME & Community Development (Digital Penang)
Mr. Yeap Kong Chean
Chief Executive Officer of YGL Convergence Berhad
Mr. Eric Foo
Executive VP & Head of Enterprise Business (Exabytes Network Sdn Bhd)
Distinguished guests,
Members of the media,
Ladies and gentlemen,
Good afternoon and thank you for joining us.
Today marks a significant milestone in the trajectory of Penang's progress as we gather here to commemorate the signing of two pivotal agreements, each promising a transformative impact on our beloved state.
The signing of the Memorandum of Understanding (MOU) between YGL Convergence Berhad and Digital Penang stands as a testament to our dedication to innovation and knowledge exchange. This partnership will facilitate a platform for micro and small enterprises within the manufacturing sector to immerse themselves in Industry 4.0, a concept poised to revolutionize business operations.
By granting access to cutting-edge knowledge and resources, our local entrepreneurs will be better equipped to adapt to the rapidly evolving technological landscape. This translates to increased efficiency, reduced operational costs, and enhanced competitiveness for these businesses, a step towards ensuring that Penang's manufacturing sector remains relevant and resilient amidst global challenges.
Equally significant is the Agreement inked between YGL Convergence Berhad and Exabytes Network Sdn Bhd, which is poised to unleash a digital transformation wave across our manufacturing industry. By extending Industry 4.0 solutions to micro and small-sized enterprises, we are democratizing technology. This initiative will empower these businesses to harness the power of data analytics, automation, and smart manufacturing, which are resources that were previously within the reach of larger enterprises.
The expected outcome is a substantial improvement in productivity and product quality. This positive transformation will not only benefit individual businesses but will also reverberate through the entire supply chain, positively impacting the overall economy of Penang.
Further to that, both collaborations resonate harmoniously with our vision of positioning Penang as a hub for innovation and technology. We are advancing the readiness of our local manufacturing industries for the digital age and the green economy. It also sends a clear message to the world that Penang is open for business and is proactively preparing for the future. Investors and tech companies will take notice of our commitment to Industry 4.0, making Penang an even more attractive destination for investment and talent.
Ladies and gentlemen,
By ensuring that no business is left behind, we are fostering inclusivity in our economic growth. We are empowering local businesses to compete on a global scale, and this will translate into job creation and economic prosperity for our people. Moreover, as these businesses become more sustainable and efficient, we contribute to the conservation of resources and a reduction in environmental impact.
In conclusion, these agreements are not just about partnerships between companies; they are about forging a brighter and more prosperous future for Penang. They represent our determination to lead in the era of Industry 4.0, to empower our local businesses, and to create a dynamic and resilient economy. It is a commitment to our people, to innovation, and to sustainable growth as outlined in our Penang2030 vision.
With that said, I would like to extend my heartfelt congratulations to Digital Penang, YGL Convergence Berhad, and Exabytes Network Sdn Bhd for their visionary efforts and partnerships. Let us move forward hand in hand to ensure that these agreements translate into tangible benefits for our businesses, people, and state.
Thank you, and may this day mark the beginning of an exciting new chapter in Penang's journey towards a technologically advanced and prosperous future.